CSI 300 index intraday: as long as 5532 is support

CSI 300 index intraday: as long as 5532 is support look for 5632.60

CHINA300

Trading Central 2021-01-14 04:40:05

Our pivot point is at 5532.00.

Our preference: as long as 5532 is support look for 5632.60.

Alternative scenario: below 5532, expect 5501.60 and 5483.40.

Comment: the RSI is above 50. The MACD is below its signal line and positive. Prices could retrace in the short term. CSI 300 index is above its 20 and 50 period moving average (respectively at 5553.85 and 5504.82).

Supports and resistances:

5669.00 **

5650.80 *

5632.60 **

5614.40

5577.97 last

5544.00

5532.00 **

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