Has the Chinese Stock Market Bottomed? See This Technical Analysis of CSI 300.

* Today, China cut the time inbound visitors have to stay in quarantine from 3 weeks to 10 days. This sign of easing is positive for the Chinese stock market * The CSI 300 index is one of China's most watched stock market indices. It follows 300 large and medium-sized stocks in Shanghai and Shenzhen * The chinese stock market index was down nearly 37% from its all-time-high (ATH) on Feb 2021 to its recent low on April 2022, and is now just over 24% down from the ATH * The CSI 300 chart shows strong and persistent buying pressure in the last 5 trading weeks, supporting the notion that the Chinese stock market bottomed on 27 April, which is a good candidate for the low of the year * The following video presents a bullish technical analysis of the Chinese stock market as represented by the CSI 300 index Trade CSI 300 or any other Chinese stock at your own risk. This article was written by ForexLive at www.forexlive.com.
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