CSI 300 index intraday: below its lower Bollinger

CSI 300 index intraday: below its lower Bollinger band

CHINA300

Trading Central 2021-02-23 04:58:10

5675.60 is our pivot point.

Our preference: the downside prevails as long as 5675.60 is resistance.

Alternative scenario: above 5675.60, look for 5715.80 and 5739.60.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. CSI 300 index is trading under both its 20 and 50 period moving average (respectively at 5705.63 and 5725.32). Finally, the CSI 300 index has penetrated its lower Bollinger band (5604.71).

Supports and resistances:

5739.60 **

5715.80 *

5675.60 **

5659.80

5597.33 last

5549.80

5526.20 **

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