FTSE China A50 Index – support line breached
FTSE China A50 Index has broken through the support line of a Pennant technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 8 days and suggests a target line to be around 15217.7522 within the next 2 days.
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