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Thomaswestw

CSI 300 May See a Breakout or Breakdown in the Coming Weeks

CSI 300 Index (SSE:000300)  
Thomaswestw  
SSE:000300   CSI 300 Index
Triangle
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triangle
China's CSI 300 index has moved into a consolidation pattern since making a multi-month low back in July. A Symmetrical Triangle pattern opens the door for a breakout or breakdown, with 5378.47 and 4554.71 serving as respective upside/downside targets. However, the falling 100-day SMA may pressure prices within the triangle in the coming weeks. In any case, a break above or below support/resistance opens the door for an extended move.
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