SGX FTSE China A50 (Nov5) intraday: our next up target stands at 15700.00

15287.50 is our pivot point.

Our preference: our next up target stands at 15700.

Alternative scenario: below 15287.50, expect 15132.50 and 15042.50.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. SGX FTSE China A50 (Nov5) is trading above both its 20 and 50 period moving average (respectively at 15380.45 and 15410.92).

Supports and resistances:

15882.50 **

15792.50 *

15700.00 **

15610.00

15415.00 last

15347.50

15287.50 **