Either a rebound or a breakout imminent on CHN50

Past performance is not an indicator of future results.
CHN50 is heading towards the support line of a Rising Wedge. If this movement continues, we expect the price of CHN50 to test 13742.5000 within the next 18 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.