CN50 to turnaround?

6월 17일

CHN50 - 24h expiry

Price action has continued to trend strongly lower and has stalled at the previous support near 12150. Price action looks to be forming a bottom.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Risk/Reward would be poor to call a buy from current levels.
A move through 12300 will confirm the bullish momentum.

We look to Buy at 12200 (stop at 12120)
Our profit targets will be 12400 and 12450

Resistance: 12300 / 12350 / 12400
Support: 12200 / 12150 / 12100

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