Reaching Resistance Zones
Last update on the Chinese indices noted bullish breakouts, and i took positions short-term. Both indices are now reaching resistance zones, and may be vulnerable to a pullback here. Support for the SZSE is around 1230. A breakout above these zones will test recent highs. Note the increase in volume with the price. Will post bigger-picture chart when time permits.
All the best!
Shanghai Composite
Shenzhen Composite
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