Shanghai Stock EXCHG (SSEC) Daily: Bears took a breathe

Bears took a breathe as market pulled back from the recent sharp drop had slowing down the downward momentum. Nevertheless, overall immediate technical outlook remains clouded in bearish atmosphere. Thus, immediate support is now adjusted to 2761 followed by 2720-2700. To the upside, resistance is stood at 3020-3039 (gap left over on 17/8/2009).