CSI 300 index intraday: as long as 5736.40 is support look for 5854.20

Trading Central 2021-02-20 04:40:06

Our pivot point is at 5736.40.

Our preference: as long as 5736.40 is support look for 5854.20.

Alternative scenario: below 5736.40, expect 5695.20 and 5670.80.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. Prices could retrace in the short term. CSI 300 index is trading above both its 20 and 50 period moving average (respectively at 5768.40 and 5699.29).

Supports and resistances:

5903.20 **

5878.60 *

5854.20 **


5778.84 last


5736.40 **

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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