CINA - positive expectations to watch out with China US tradewar
Next on the list for review is CINA
ISIN: LU1900068914
Base Currency: Eur
Total Expense Ratio: 0.65%
Importance price levels going ahead
CMP: 156.88
R1: 157.36
R2 : 163.77
R3: 173.32
R4: 190.05
S1: 154.64
S2: 151.46
S3: 148.74
S4: 142.81
S5: 138.65
More Pivots are available on the chart
CINA, the fund, is one of the funds, that has not completely shown the impact of the positive news of the China US trade settlement initial positiveness and could potentially show a rally
Price got into an uptrend in 2019, making higher highs and higher lows. Price started to breach the trend line in the month of Nov 2019 and tested the lows of the previous month. On 3rd Dec 2019, price found support just above the levels of 138.90 indicating the break out from the trend line maybe fake and await price rejection/ price confirmation of trend line
On 17th Dec 2019, bulls finally pulled up the price above the trend line and has stayed above that since then. Price currently has made an attempt yesterday (17th Jan 2020) to breach the resistance levels of 157.36 (intraday) but couldn’t close above this level and closed out at 156.88
Very interesting times ahead. Look out for breakouts and supports from these important identifies levels
Please share your comments and views below and share a thumbs up if you like what you read.
Cheers
ISIN: LU1900068914
Base Currency: Eur
Total Expense Ratio: 0.65%
Importance price levels going ahead
CMP: 156.88
R1: 157.36
R2 : 163.77
R3: 173.32
R4: 190.05
S1: 154.64
S2: 151.46
S3: 148.74
S4: 142.81
S5: 138.65
More Pivots are available on the chart
CINA, the fund, is one of the funds, that has not completely shown the impact of the positive news of the China US trade settlement initial positiveness and could potentially show a rally
Price got into an uptrend in 2019, making higher highs and higher lows. Price started to breach the trend line in the month of Nov 2019 and tested the lows of the previous month. On 3rd Dec 2019, price found support just above the levels of 138.90 indicating the break out from the trend line maybe fake and await price rejection/ price confirmation of trend line
On 17th Dec 2019, bulls finally pulled up the price above the trend line and has stayed above that since then. Price currently has made an attempt yesterday (17th Jan 2020) to breach the resistance levels of 157.36 (intraday) but couldn’t close above this level and closed out at 156.88
Very interesting times ahead. Look out for breakouts and supports from these important identifies levels
Please share your comments and views below and share a thumbs up if you like what you read.
Cheers
