Shanghai Composite has almost moved up by 90% since my last call given on 18th September 2014. Even in my previous update on 11th January 2015 I mentioned the following, “I expect the up move to continue in Nikkei while Shanghai should see some stiff resistance at current levels. Once Shanghai breaks above 3500 level it can move significantly higher.”
The next target for Shanghai composite is 4300
and 4900. I think some time and price correction are likely. The long term
trend for Shanghai remains up and we may see new highs going forward.
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