CSI 300 index intraday: the upside prevails as long as 4916.40 is support

Trading Central 2020-11-21 05:21:05

Our pivot point stands at 4916.40.

Our preference: the upside prevails as long as 4916.40 is support.

Alternative scenario: below 4916.40, expect 4884.60 and 4865.60.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. CSI 300 index is trading above both its 20 and 50 period MA (respectively at 4924.11 and 4902.92).

Supports and resistances:

5041.80 **

5023.00 *

5004.00 **

4985.00

4943.29 last

4929.00

4916.40 **

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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