FTSE China A50 index ST: as long as 15966 is support look for 17160

Trading Central 2020-11-19 07:38:07

Our pivot point stands at 15966.00.

Our preference: as long as 15966 is support look for 17160.

Alternative scenario: the downside breakout of 15966 would call for 15560 and 15318.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The index could retrace in the short term. FTSE China A50 index is above its 20 and 50 period MA (respectively at 16126.92 and 15775.67).

Supports and resistances:

17648.00 **

17405.00 *

17160.00 **

16917.00

16358.60 last

16125.00

15966.00 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

6 Reasons To Open An Account

Multi-language 24/7 professional support

Fast, convenient fund and withdrawals

Free demo account $10,000

International recognition

Real-time quotes with push notification

Professional market analysis broadcast