Crash or Rebound: Chinese Shares Oversold

Bloomberg: The Good News for China Is Hundreds of Stocks Oversold
As of Wednesday’s close, 529 of the Shanghai Composite Index’s 1,122 member stocks have relative strength index values of less than 30, compared with 280 at the bottom of August’s rout.
The analog shows a few small bounces, but otherwise nearly straight down for several months.

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