Best Short-Term Buying Areas for the China50

The Chinese index is still moving in a general uptrend,

especially after breaking through the important resistance areas at 14360.

The index is still expected to continue its upward trend in the long term.

Currently, the index is making some corrections in the short term.

The index has also been able to form strong new demand areas on the 4-hour timeframe.

This area is considered one of the best buying areas, located at 14575.

If the new demand areas are tested, a rise is expected from these areas

towards the specified targets, which are located at 14720 and 14940.

If the first demand areas are broken and a close below them is reached, the analysis fails.

We may see a continued decline towards the next demand areas.