ChIna’s 50 stock index (CHI50) closed the year slightly below the 2019 top of 14,456 on Tuesday. Technically, the positive momentum in the MACD, which jumped above its red signal line, suggests that there is still some room for improvement in the short-term. The RSI is bullish as well, though the indicator is not far below its 70 overbought mark which previously acted as resistance, hinting that any additional upside move may come softer in the coming sessions. Therefore, in [..]
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