HK50 Short Term: aim @ 18700.
HK50 (HK50)
-176-0.82%
short positions below 21400 with targets at 18700 & 18000 in extension.
Pivot: 21400
Our preference: short positions below 21400 with targets at 18700 & 18000 in extension.
Alternative scenario: above 21400 look for further upside with 22600 & 23900 as targets.
Comment: as long as the resistance at 21400 is not surpassed, the risk of the break below 18700 remains high.
Supports and resistances:
23900 **
22600 ***
21400 ***
20799 Last
18700 ***
18000 ***
17000 **
Our preference: short positions below 21400 with targets at 18700 & 18000 in extension.
Alternative scenario: above 21400 look for further upside with 22600 & 23900 as targets.
Comment: as long as the resistance at 21400 is not surpassed, the risk of the break below 18700 remains high.
Supports and resistances:
23900 **
22600 ***
21400 ***
20799 Last
18700 ***
18000 ***
17000 **
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