ChinaDaily Briefs

China: FTSE China A50 Index and more

In today’s briefing:

  • A50 Breakout

A50 Breakout

By Thomas Schroeder

A50 breakout thrust is a key bull trigger after forming a triple low. 15,500 was the barrier to clear representing a breakout from the triangle range.

Shanghai composite does not mirror this breakout as of yet.

RSI is pushing above trend resistance and a level that needs to stick.

MACD need to clear trendline resistance to induce a more constructive macro backdrop.

There are slow down and liquidity risk headwinds and may make the 16,500 level a fresh short zone after a quick bull push into November.

Before it’s here, it’s on Smartkarma