A Bull in China….

The chart below shows the Shanghai Composite today is trading at the same price it was in 2018, 2015, 2010, 2009 & 2007.

More so, it has been a flat market for the past 4 years,

In the interim, I expect that market to come back a little, perhaps to 3,100 (about 10% decline), while my indicators are confirming the longer trend is higher.

August 31, 2020

by Rob Zdravevski

rob@karriasset.com.au