FTSE China A50 index intraday: the upside prevails as long as 19922.50 is support

Trading Central 2021-02-20 04:40:14

19922.50 is our pivot point.

Our preference: the upside prevails as long as 19922.50 is support.

Alternative scenario: the downside breakout of 19922.50 would call for 19825 and 19767.50.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. FTSE China A50 index is trading above both its 20 and 50 period moving average (respectively at 19923.81 and 19841.79).

Supports and resistances:

20287.50 **

20230.00 *

20172.50 **


19998.12 last


19922.50 **

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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