When we looked at the China A50 index (CN50) last year (December 21 2023, see chart below), we got the best buy entry possible on more than 1 year span: Our long-term Target at the time of 13000 is almost hit but it now time to re-evaluate our perspective as the index not only hit the top of its almost 2-year Falling Wedge but more importantly made contact...
China has been on an uptrend. It broke the resend resistance. Dropped back on it and it up for today. It seems likely we move more up to the next level.
China A50 Thoughts i'm tracking Seems a little slow to play out but I'm watching all the same.
To summarize: 1. We are currently in the 5th wave down. The last wave. 2. Potentially a sharp drop for the last 2 weeks of Dec 2023. 3. Price might follow the same pattern as Dec 2018. 4. Target 10130-10145.
The China A50 index (CN50) is trading within a Falling Wedge pattern and on the larger picture a Channel Up with its Higher Highs being on June 09 2015 and February 16 2021. The price is now closer to the Channel Up bottom and the pricing of a new long-term Higher Low (bottom), which already makes it a great buy opportunity. Of course the most optimal level to...
hello dear trader i am still in buy position ... we buy at bottom we must waiting for target filll good luck
The China A50 trades within a bearish channel on the daily chart, although we strongly suspect it wants to break out of it to the upside. If you look at the steady stream of weak data coming out of China over the past few months, why is the China A50 not breaking to new lows? In fact, each time the market has pulled back to the 12,400 area since early June...
Once again pretty important level on the Chinese market. If the price can hold this level we could expect a rally to the top of the triangle, otherwise if it loses it, we will probably visit the lows. NFA
hello dear trader this price action of (chinaA50) FTSE China A50 Index is a stock market index by FTSE Group, the components were chosen from Shanghai Stock Exchange and Shenzhen Stock Exchange, which issue A-share; B-share were not included. Other similar product were CSI 300 Index by China Securities Index Company and "Dow Jones China 88 Index" by S&P Dow Jones...
hello traders i am looking for buy zone in chinna A50 , you can see this head and shoulder ... you can buy in the price reversal zone on fibo 0.618 + and dynamid supourt ... what is A50???? The FTSE China A50 Index is the benchmark for investors to access the China domestic market through A Shares – securities of companies incorporated in mainland China and...
We are getting closer to a decisive moment for A50. Hold the box and run back to 13.4k-13.5k or lose it and go down to 12.6k. No trade zone now, wait for breakdown or breakup. NFA.
To celebrate the new year, here some TA on the China A50 index: The breakout of the descending triangle led to a powerful rally that is still in full place and will most likely bring us to 15k. The golden cross (50 SMA crossing 200 SMA from below) could be the fuel to propel us there. 15k represents a major resistance, if broken on the first attempt (unlikely),...
CHN50 - Intraday - We look to Buy at 12540 (stop at 12380) Selling pressure from 13067 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We, therefore, prefer to fade into the dip with a tight stop in anticipation of a move back...
China A50 index ( CN50 ), a measure of the Chinese onshore market that keeps track of 50 of the biggest Chinese A-share companies listed on the Shenzhen and Shanghai stock exchanges, broke a major upward trend that had been in place since 2016. The technical picture sees the A50 index currently dominated by a descending channel pattern, having fallen 42% from its...
CHINA A50 CN50USD Weekly Elliot Wave Analysis ChinaA50 Index - Bullish Sign Active
At the chart of h4, A50 raises because of PBOC cutting reserve requiremeng ratio, when touches resistance around 13200, bulls seems to retreat. Meanwhile, the price is limited by downside trendling
China A50 hitting high time frame support Ascending triangle re-test
In the weekly chart,A50 approaches the key support area. since 2018.12, price continues keeping the uptrend line. It is still in the bullish market. So, we should buy around 14800 and hold for a long term ,sl at 14400,tp at 16890