CHINA A50 Bullish inside Channel Up aiming at 16650.China A50 index (CN50) has been trading within a 7-month Channel Up and is currently holding the 1D MA50 (blue trend-line), while being on the 3rd Bullish Leg of this pattern.
The previous two both rose by around +16.50%, so given the similarities, we remain bullish on the index, targeting 16650.
