SSEC broke above its downtrend line at 3250 yesterday. With this breakout, SSEC's uptrend will continue. Its next resistance is at 3500, 3800 & 4200-4300.
Chart: SSEC's daily chart as at 16/11/2009 (Source: Stockcharts.com)
The continuation of the rally in the Shanghai market will come as a relief to investors and punters who were worried that the prolonged consolidation could affect sentiment in our market.
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