CHINA50 to continue in the upward move?

9月24日

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.
Risk/Reward would be poor to call a buy from current levels.
A move through 12250 will confirm the bullish momentum.
The measured move target is 12350.

We look to Buy at 12100 (stop at 12000)
Our profit targets will be 12300 and 12350

Resistance: 12250 / 12300 / 12350
Support: 12150 / 12100 / 12000

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