JDCMF - China Stocks Ready To Resume Uptrends (Technical Analysis)
2024-06-20 08:19:13 ET
Summary
- China indices and key stocks look to have completed a natural pullback, and are ready to rebound here.
- If they do rebound, China stocks are likely to continue their strong uptrends higher.
- Bullish macro elements are also supporting a rebound in risk sentiment: market is generally fearful, central banks are increasingly dovish, and the Yuan is weakening.
After a more than 10% pullback from their 52-week highs, China indices look ready to turn higher to resume their uptrends....
China Stocks Ready To Resume Uptrends (Technical Analysis)