SGX FTSE China A50 (Aug5) intraday: as long as 13780 is support look for 14142.50

Our pivot point stands at 13780.00.

Our preference: as long as 13780 is support look for 14142.50.

Alternative scenario: below 13780, expect 13642.50 and 13560.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. SGX FTSE China A50 (Aug5) is trading under its 20 period moving average (13894.05) but above its 50 period moving average (13850.20).

Supports and resistances:

14305.00 **

14225.00 *

14142.50 **

14060.00

13891.00 last

13835.00

13780.00 **