FTSE China A50 index intraday: as long as 16427.50 is support look for 16707.50

Trading Central 2020-11-21 05:21:06

Our pivot point stands at 16427.50.

Our preference: as long as 16427.50 is support look for 16707.50.

Alternative scenario: the downside breakout of 16427.50 would call for 16320 and 16255.

Comment: the RSI is above 50. The MACD is positive and below its signal line. Prices could retrace in the short term. FTSE China A50 index is above its 20 and 50 period MA (respectively at 16494.83 and 16399.17).

Supports and resistances:

16835.00 **

16770.00 *

16707.50 **

16642.50

16512.82 last

16470.00

16427.50 **

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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