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Merrickk

CN50 Test Major Support, Potential To Breakout To All Time Highs

Long
China A50 (OANDA:CN50USD)  
Merrickk Updated   
OANDA:CN50USD   China A50
Trend Analysis Chart Patterns Bullish Patterns chinastocks
4
0
trendanalysis chartpattern bullish chinastocks
Cn50 broke out from a major level and is now back testing prior support. On the monthly chart Cn50 has been creating a very large ascending wedge pattern and broke out. The market has the potential of breaking out to all time highs and starting a large bull market. I'm bullish on China over the long run and believe a very strong bull market could form from this level lasting many years.
Comment:
Stopped out of trade, trade closed for a loss. On to the next one.

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