Will CHN50 have enough momentum to break resistance?

Past performance is not an indicator of future results.
CHN50 is heading towards the resistance line of a Channel Down and could reach this point within the next 18 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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