SGX FTSE China A50 Intraday: turning up.

Pivot: 12525.00

Our preference: long positions above 12525.00 with targets at 13080.00 & 13260.00 in extension.

Alternative scenario: below 12525.00 look for further downside with 12230.00 & 11970.00 as targets.

Comment: the RSI calls for a bounce.

Supports and resistances:

13480.00

13260.00

13080.00

12849.00 Last

12525.00

12230.00

11970.00