FTSE China A50 index intraday: as long as 18772.50 is support look for 19047.50

Trading Central 2021-01-14 04:41:04

Our pivot point stands at 18772.50.

Our preference: as long as 18772.50 is support look for 19047.50.

Alternative scenario: below 18772.50, expect 18665 and 18602.50.

Comment: the RSI is above 50. The MACD is below its signal line and positive. Prices could retrace in the short term. FTSE China A50 index is above its 20 and 50 period moving average (respectively at 18830.47 and 18681.49).

Supports and resistances:

19175.00 **

19110.00 *

19047.50 **

18985.00

18856.71 last

18815.00

18772.50 **

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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