Technical forecast for FTSE China A50

china

FTSE China broke support at 7950/40 which risks continued losses to 7840/35 & a possible test of the 200 day moving average & April lows of 7775/50.

7940/50 is resistance then 8030/60 which should hold the topside at this stage.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More