(MENAFN - FxPro)
• ChinaA50 broke round resistance level 20000.00
• Likely to reach resistance level 21000.00
ChinaA50 index continues to rise after the price broke the round resistance level 20000.00 intersecting with the daily up channel from the middle of December.
The breakout of these resistance levels added to the bullish pressure on ChinaA50 index – accelerating the active impulse waves 5 and (3).
ChinaA50 index is likely to rise further toward the next resistance level 21000.00 (target price for the completion of the active sub-impulse wave (iii)).
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.