HK50 Middle Term: the upside prevails.
HK50 (HK50)
-84-0.34%
long positions above 21000 with targets at 25000 & 26800 in extension.
Pivot: 21000
Our preference: long positions above 21000 with targets at 25000 & 26800 in extension.
Alternative scenario: below 21000 look for further downside with 18700 & 17000 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
29400 **
26800 **
25000 ***
23463 Last
21000 ***
18700 ***
17000 **
Our preference: long positions above 21000 with targets at 25000 & 26800 in extension.
Alternative scenario: below 21000 look for further downside with 18700 & 17000 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
29400 **
26800 **
25000 ***
23463 Last
21000 ***
18700 ***
17000 **
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