HK50 Intraday: the bias remains bullish.
HK50 (HK50)
-84-0.34%
long positions above 23910 with targets at 24350 & 24550 in extension.
Pivot: 23910
Our preference: long positions above 23910 with targets at 24350 & 24550 in extension.
Alternative scenario: below 23910 look for further downside with 23700 & 23450 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
24700
24550
24350
24142 Last
23910
23700
23450
Our preference: long positions above 23910 with targets at 24350 & 24550 in extension.
Alternative scenario: below 23910 look for further downside with 23700 & 23450 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
24700
24550
24350
24142 Last
23910
23700
23450
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