China A50 ThoughtsChina A50 Thoughts i'm tracking
Seems a little slow to play out but I'm watching all the same.
CHINA-A50
SHCOMP if weekly close above 3600 - will see 4000 soon3600 area has been the critical level that if breaks possibly we see 4500 this year
FTSE A50 Future Bull Signal
China Virus should be gone soon, with 4Hours chart reverse from monday, we should see new high with in next month or 2.
for those want to invest in China, buy A50, HKEX:2823 , or future in singapore exchange, SGX:CN1!
If you want to double your cap, go for 2823, if you want easy, then the future would be best
Short Movement Expected on FTSE China A504H CHART EXPLANATION:
The Ascending Trendline has been broken after the failed breakout of the Daily Triangle. As we explained on the Daily Chart below, the targets are the Bottom of the Triangle and the Support Zone at 12000, however, we need to be careful with the middle support zone at 13350.
DAILY CHART:
