This week B-Share market review: consolidation trend, building momentum for next move.
This week B-Share market maintained consolidation, Shanghai B-Share index fluctuated within a narrow range of 0.5%, Shenzhen B-Share index rose slightly by 0.3%. Weekly trading volume was 5.5 billion yuan, shrinking from last week.
From technical perspective, B-Share index is currently consolidating near the 20-day moving average, building momentum for the next move. MACD indicator is about to form a golden cross, suggesting possible upward breakout.
Investors are advised to wait patiently for direction to become clear and prepare for the next wave of market movement.
