You know the number 4 represents death in Chinese?
I know, that's why it took them so long to pass 3900 CNY, but once they did, the raced straight to 4442 and stopped there.
As i predicted (I predicted they'd stop at 4399 and get stuck there for a bit until they got enough courage to face that many 4s) which is exactly what seems to be happening.
The volume doesn't underpin it, but don't be deceived. I just happened to be watching as the daily bar rolled over and there was a big push in the last couple of minutes on the price making that daily price vs volume a poor representation for that period.
Looking at the weekly there is scope for a pull back, but this doesn't diminish my belief that longer term (a month or two) we can't resume a decent upward trend, even if it should unfold that it doesn't make it this time.
The volume actually isn't bad at all