China A50 Index holding up well above its Mid Term Trend Support
China A50 Index
- Holding up well above its Mid Term Trend Support despite U.S and European market plunge.
- Technically the index remains in a long term uptrend formation.
- Pending price action to breakout of its sideways resistant to go for a Super Bull Rally.
- Downside to easily look at its Mid Term Trend support. Once void will need to head to its Long Term Trend Support (Red Line)
- Shall the Long Term Trend Support (Red Line) is broken too = Bear market potential zone.
- Holding up well above its Mid Term Trend Support despite U.S and European market plunge.
- Technically the index remains in a long term uptrend formation.
- Pending price action to breakout of its sideways resistant to go for a Super Bull Rally.
- Downside to easily look at its Mid Term Trend support. Once void will need to head to its Long Term Trend Support (Red Line)
- Shall the Long Term Trend Support (Red Line) is broken too = Bear market potential zone.