CN50 to find buyers at previous support?CHN50 - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Short term RSI has turned positive.
Risk/Reward would be poor to call a buy from current levels.
A move through 13150 will confirm the bullish momentum.
The measured move target is 13450.
We look to Buy at 13225 (stop at 13125)
Our profit targets will be 13425 and 13450
Resistance: 13350 / 13425 / 13450
Support: 13250 / 13225 / 13150
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