Technical Analysis – CHI50 stock index skyrockets to 12-year highs
ChIna’s 50 stock index (CHI50 cash) ignored all nearby 2018 barriers on Monday and skyrocketed to 15,983, recording its best daily gain ever. After such an impressive rally, some downside retracement could be reasonable as markets do not move in one direction. The RSI and the Stochastics have also entered the overbought territory, but have […]