By Shiyin Chen
Sept. 28 (Bloomberg) -- Chinese stocks may extend last week’s 4.2 percent retreat after a “bearish” crossover emerged on the benchmark index’s Moving Average Convergence/Divergence chart, DMG & Partners Securities Pte said. The outlook remains negative this week after the Shanghai Composite Index’s MACD line fell below its signal line last week, James Lim, an analyst at DMG & Partners in Singapore, said in a report today. The “intensity” of the sell-off may wane as trading volumes drop before a weeklong holiday, he added.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayCpLr_4ISTI
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