Interestingly the with period 20 has right now a value of exactly 50.05, which also means a neutral trend. Current monthly price as shown by Tradingview is 3075 points.
Conclusion: If the Chinese stock market stays above 2800 points there is a potential bottom and the market is a buy. But if it falls even below 2800 points it could fall much lower. In that case I'm going to a new analysis.
P.S. A log-scaled
these support levels had influence in 2007 and 2008
"Even China is Rallying!" (March 21, 2016)