CSI 300 index intraday: below its lower Bollinger band

Trading Central 2021-02-23 04:58:10

5675.60 is our pivot point.

Our preference: the downside prevails as long as 5675.60 is resistance.

Alternative scenario: above 5675.60, look for 5715.80 and 5739.60.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. CSI 300 index is trading under both its 20 and 50 period moving average (respectively at 5705.63 and 5725.32). Finally, the CSI 300 index has penetrated its lower Bollinger band (5604.71).

Supports and resistances:

5739.60 **

5715.80 *

5675.60 **

5659.80

5597.33 last

5549.80

5526.20 **

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.

6 Reasons To Open An Account

Multi-language 24/7 professional support

Fast, convenient fund and withdrawals

Free demo account $10,000

International recognition

Real-time quotes with push notification

Professional market analysis broadcast