CHINA50 price action forming a bottom?

27. Nov.

CHN50 - 24h expiry

Price action looks to be forming a bottom.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 13300 will confirm the bullish momentum.
The measured move target is 13550.

We look to Buy at 13175 (stop at 13025)
Our profit targets will be 13575 and 13640

Resistance: 13300 / 13525 / 13600
Support: 13175 / 13100 / 13050

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