FTSE China A50 index ST: the upside prevails as long as 16135 is support

Trading Central 2020-11-21 07:35:06

Our pivot point stands at 16135.00.

Our preference: the upside prevails as long as 16135 is support.

Alternative scenario: the downside breakout of 16135 would call for 15734 and 15496.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. FTSE China A50 index is above its 20 and 50 period MA (respectively at 16179.17 and 15807.67).

Supports and resistances:

17734.00 **

17494.00 *

17254.00 **

17014.00

16512.82 last

16293.00

16135.00 **

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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