HK50 Short Term: watch 23900.
HK50 (HK50)
-187-0.87%
long positions above 19800 with targets at 22600 & 23900 in extension.
Pivot: 19800
Our preference: long positions above 19800 with targets at 22600 & 23900 in extension.
Alternative scenario: below 19800 look for further downside with 18700 & 18000 as targets.
Comment: the RSI calls for a bounce.
Supports and resistances:
24800 **
23900 ***
22600 ***
21360 Last
19800 ***
18700 ***
18000 **
Our preference: long positions above 19800 with targets at 22600 & 23900 in extension.
Alternative scenario: below 19800 look for further downside with 18700 & 18000 as targets.
Comment: the RSI calls for a bounce.
Supports and resistances:
24800 **
23900 ***
22600 ***
21360 Last
19800 ***
18700 ***
18000 **
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