FTSE China A50 index ST: the upside prevails as lo

FTSE China A50 index ST: the upside prevails as long as 18518.67 is support

CHINA50

Trading Central 2021-02-23 07:37:05

18518.67 is our pivot point.

Our preference: the upside prevails as long as 18518.67 is support.

Alternative scenario: below 18518.67, expect 17720.25 and 17243.50.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. FTSE China A50 index is trading above both its 20 and 50 period moving average (respectively at 18955.41 and 18088.63).

Supports and resistances:

22484.85 **

21988.84 *

21490.82 **

20994.80

19154.47 last

18832.67

18518.67 **

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