dchua1969

Good chance to get in or accumulate China A50

Short
dchua1969 Updated   
OANDA:CN50USD   China A50
It has reached a high of 13,942 from 8 June to 24 June without able to breakout higher. This calls for a short term sell opportunity.

Expect it to break down from the bullish trend line and heads towards 13,337 over the next few weeks.

This discount will present a great buying opportunity for those who have yet to come onboard China index.
Comment:
sorry, no discount but good news ! It has broke out of the resistance level at 13942, let's wait for a nice pullback and add more
Comment:
hallejuah, it went up like a rocket. take some profits off the table, adjust SL
Comment:
for those who still hesitate and has not get into China stocks, it is still not too late.
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