CHINA A50 Buy signal couldn't have gone any better!

29 thg 10

Last time we looked at the China A50 index (CN50) was almost 2 months ago (September 06, see chart below) when we called for a buy opportunity:

As you can see, it couldn't have gone any better as the price rebounded exactly on our mark, hitting our 12100 Target in a matter of days.

Now the index is on a relief consolidation following this enormous rally that broke above the nearly 4-year Channel Down. Every time we had a similar bullish break-out, the market reached at least its 2.0 Fibonacci extension level. As a result, we expect to see 19500 by mid 2025.

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