FTSE China A50 broke above its downtrend line

 Last Friday, China A50 finally broke above its downtrend line at 9550. Today, it made an intra-day high of 10400 but gave back some to close at 9945- chalked up a gain of 299 points. If China A50 can clear the psychological 10000 mark tomorrow, this index can rally.

 
Chart: FTSE China A50's daily chart as at 12 Oct 2015_3.00pm (Source:uk.investing.com)

The way to play this rally would be to buy into the call warrants of China A50 trading on Bursa Malaysia. I have tabulated them below. The two warrants highlighted in blue are preferred:
1) China50-CB (out of the money, high conversion ratio but longer tenor)
2) China50-CE (in the money, average conversion ratio and average tenor)


Table: China50's valuation

As usual, you need to bear in mind that call warrants are leveraged instruments that magnified your returns or losses. Thus, you need to manage them accordingly.