FTSE China A50 index intraday: as long as 18772.50

FTSE China A50 index intraday: as long as 18772.50 is support look for 19047.50

CHINA50

Trading Central 2021-01-14 04:41:04

Our pivot point stands at 18772.50.

Our preference: as long as 18772.50 is support look for 19047.50.

Alternative scenario: below 18772.50, expect 18665 and 18602.50.

Comment: the RSI is above 50. The MACD is below its signal line and positive. Prices could retrace in the short term. FTSE China A50 index is above its 20 and 50 period moving average (respectively at 18830.47 and 18681.49).

Supports and resistances:

19175.00 **

19110.00 *

19047.50 **

18985.00

18856.71 last

18815.00

18772.50 **

Disclaimer

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