The up swing projection as followed:
If price trade above 11004, target 11142 (first target)
If price trade above 11142, target 11367(second target)
Trader please be aware when price trade near to 6 months resistance zone. China A50 has been trading in narrowing trend.
As market near to end of the year, "window dressing" seasonal behavior have high chance to occur. Major markets have traded approach the previous low and indicate temporary support.
A50 has again trading near to 5 months support as show in the left chart. And higher high higher low set up on the lower time frame. Trader may look for long opportunity with the...
China A 50 have not move out from the 800 points range since July. Recent rally again found toppish on resistance zone priced between 11500 to 12000.
Yesterday selling again has formed lower low structure. Trader please stay at the sell side if price moving lower high lower low.
The down swing projection as followed:
If price trade above 11420, target 11195....
China A 50 have rebounded 5 times in the past 5 months when the price reached 10800. The market have not move out from the 800 points range since July.
Yesterday selling again brough the price to this price zone 10800 with a low at 10710 and quickly rebound. Trader please stay at the buy side if price moving higher high higher low.
The up swing projection as...