China A50 Index: Possible Up-trend
Published On: 4 August 2023, 3.00 PM | Jun Yuan Kwong, Dealer
Key Entry Price Pivot(s):
- Long above 13300, take profit at 13630/14260, stop loss at 13000
- Short below 13000, take profit 12400, stop loss at 13300
- China A50 Index had recently broken out the downtrend channel.
- On 02 Aug 2023, China A50 Index pulled back and found a support at 13000. A strong bullish bar formed the next day.
- We could potentially look to take a long trade on the China A50 Index since a strong bullish bar has already formed at the support level to continue the uptrend moving ahead.