FTSE China A50 index ST: the upside prevails as long as 15995 is support

Trading Central 2020-11-20 07:38:06

Our pivot point is at 15995.00.

Our preference: the upside prevails as long as 15995 is support.

Alternative scenario: below 15995, expect 15583 and 15339.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. FTSE China A50 index is trading above both its 20 and 50 period MA (respectively at 16150.58 and 15791.43).

Supports and resistances:

17816.00 **

17566.00 *

17317.00 **

17069.00

16529.65 last

16156.00

15995.00 **

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.

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