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Expected trading for today is between 3000.00 support and 3500.00 resistance.
As most of investors in Chinese exchanges trying to sell everything when they can, the bearish correction was not over yet..
So What Next ..
3405.00 was broken , and this opened the way to extend the correctional bearish towards 3033.00..
Breaching 3405.00 and hold above it, will push the price to start recovery attempts..
My point of view:
- A buying opportunity between 3000.00 - 3200.00 will be good for us because the selling pressure is not fundamentals.
- Based on past data, China will crack down on things only temporarily as in the past.
Expected trading
for today is between 3000.00 support and 3500.00 resistance.
Expected trend for today: Bearish
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