CHN50 to continue in the upward move

5月21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 12850 will confirm the bullish momentum.
The measured move target is 12950.

We look to Buy at 12700 (stop at 12600)
Our profit targets will be 12950 and 13000

Resistance: 12850 / 12900 / 12950
Support: 12750 / 12700 / 12650

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