Saturday, January 20, 2018 6:36 PM EDT
In our China Stock Market Outlook 2018 released some two months ago we said China’s stock market arrived at a critical juncture. This is what we concluded:
What we are saying is that 3300 points should hold. If that materializes we are convinced China’s stock market outlook will be strongly bullish in 2018.
Now, two months later, we get a very bullish confirmation from China’s stock market (Shanghai Stock Exchange Index). This market wants to go higher, much higher, and it will do starting now, throughout 2018 and even beyond.
China’s stock market chart in this article shows this red thick horizontal line (almost a bar) which distinguishes the bearish area from the bullish area on the chart. There really is one, and only one, important thing to watch: the breakout of last week as shown in the purple circle.
This is the ultimate confirmation that China goes higher.
As said many times before less than 10% of price points on a chart really matter to investors. The rest is basically noise at best but sometimes even misleading.
Talking about noise: we highly recommend NOT to read worthless articles like this one as they really add zero value for an investor.
We see an easy ride to the 4200 level which is a rally of 20 percent in the SSEC index. That should happen in 2018. The test of all-time highs another 20 percent higher could take place in 2019.
How to invest in China? Defensive investors can go for an ETF. However, smart investors select a couple of market leaders. InvestingHaven’s research team analyzed China in-depth, and found a number of sectors that are set for great gains. Moreover, 7 specific stocks are expected to strongly outperform the market.
Disclosure: Read this exclusive report 7 high quality China stock ...
more
Disclosure: Read this exclusive report 7 high quality China stock tips for long term portfolios >>
Disclaimer: InvestingHaven.com makes every effort to ensure that the information provided is complete, correct, accurate and updated.In spite of these efforts, errors may occur in the information provided.If the information provided contains errors or if certain information is not available on or via the site, InvestingHaven.com will make every effort to rectify the situation as soon as possible. However, InvestingHaven.com cannot be held liable for direct or indirect damages resulting from the use of the information on this site. If you notice any errors in the information provided via the site, please contact the manager of the site.
Moreover, the views expressed in the articles (posts) on this website are the ones from the authors and are for information only. It is not intended as an offer, invitation, or solicitation to buy or sell any of any security or asset described. Nor the website manager nor the authors do accept any liability whatsoever for any direct or consequential loss arising from the use of their content. Please consult a qualified financial advisor before making investments. The information on this website and in the articles (posts) is believed to be reliable , but the authors do not make any representations as to its accuracy or completeness.
The content of the site (including links) may be adjusted, changed or expanded at any time without notice. InvestingHaven.com does not guarantee the proper functioning of the website and cannot be held liable in any way for the improper functioning or temporary (un)availability of the website or for any form of damage, direct or indirect, which may be the result of access to or use of the website.
InvestingHaven.com cannot be held liable under any circumstances by anyone, directly or indirectly, in any specific or other way, for damages resulting from the use of this site or any other site connected by means of links or hyperlinks, including, without limitation, any losses, interruptions of work, damage to programmes or other information on the computer system or to equipment, software or other items owned by the user.
less
How did you like this article? Let us know so we can better customize your reading experience.
