CSI 300 index intraday: as long as 4863 is support look for 4950.60

Trading Central 2020-11-19 04:42:05

4863.00 is our pivot point.

Our preference: as long as 4863 is support look for 4950.60.

Alternative scenario: below 4863, expect 4831.20 and 4812.20.

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 trading under its 20 period MA (4891.80) but above its 50 period MA (4883.92).

Supports and resistances:

4988.40 **

4969.60 *

4950.60 **

4931.60

4891.67 last

4875.40

4863.00 **

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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