CN50 to continue in the upward move?CHN50 - 24h expiry
There is no indication that the rally is coming to an end.
The RSI is trending higher.
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 11500 will confirm the bullish momentum.
We look to Buy at 11350 (stop at 11250)
Our profit targets will be 11600 and 11650
Resistance: 11500 / 11600 / 11650
Support: 11400 / 11350 / 11300
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