FTSE China A50 index ST: as long as 18358.89 is support look for 20802.67

Trading Central 2021-02-24 07:43:08

18358.89 is our pivot point.

Our preference: as long as 18358.89 is support look for 20802.67.

Alternative scenario: the downside breakout of 18358.89 would call for 17579.16 and 17116.25.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The index could retrace in the short term. FTSE China A50 index is above its 20 and 50 period moving average (respectively at 18996.27 and 18134).

Supports and resistances:

21750.36 **

21275.55 *

20802.67 **

20327.86

19183.50 last

18666.24

18358.89 **

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