CSI 300 index intraday: as long as 5736.40 is supp

CSI 300 index intraday: as long as 5736.40 is support look for 5854.20

CHINA300

Trading Central 2021-02-20 04:40:06

Our pivot point is at 5736.40.

Our preference: as long as 5736.40 is support look for 5854.20.

Alternative scenario: below 5736.40, expect 5695.20 and 5670.80.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. Prices could retrace in the short term. CSI 300 index is trading above both its 20 and 50 period moving average (respectively at 5768.40 and 5699.29).

Supports and resistances:

5903.20 **

5878.60 *

5854.20 **

5829.60

5778.84 last

5752.60

5736.40 **

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