Chart o’ the Day: Shanghai Surprise?

From the folks at ChartOfTheDay.com:

Over the past three years, the Shanghai Composite Index has traded within the confines of a relatively steep downward sloping trend channel. Over the past month, the Shanghai Composite has worked its way higher to where it is testing resistance (red line) for the 7th time since early 2011.

chartday

Josh here – the timing for a breakout like this would be pretty perfect – it’s literally the last thing anyone expects and you couldn’t find a China Bull at the Guangdong Rodeo these days.

Source:

Chart of the Day

What's been said:

Discussions found on the web
  1. airport taxi cheltenham commented on Sep 17

    … [Trackback]

    […] There you can find 98629 more Info to that Topic: thereformedbroker.com/2014/02/19/chart-o-the-day-shanghai-surprise/ […]

  2. immediate edge fake commented on Sep 21

    … [Trackback]

    […] Here you can find 76334 more Info on that Topic: thereformedbroker.com/2014/02/19/chart-o-the-day-shanghai-surprise/ […]

  3. isofrane.com commented on Sep 21

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2014/02/19/chart-o-the-day-shanghai-surprise/ […]

  4. bitcoin evolution review commented on Sep 30

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2014/02/19/chart-o-the-day-shanghai-surprise/ […]

  5. Mossbergs commented on Oct 14

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2014/02/19/chart-o-the-day-shanghai-surprise/ […]

  6. http://63.250.38.186/ commented on Nov 15

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2014/02/19/chart-o-the-day-shanghai-surprise/ […]

  7. sell dumps with pin commented on Nov 16

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2014/02/19/chart-o-the-day-shanghai-surprise/ […]