HK50 Intraday: intraday support around 19500.

HK50 (HK50)
+163+0.83%
long positions above 19500 with targets at 19780 & 19970 in extension.
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Pivot: 19500

Our preference: long positions above 19500 with targets at 19780 & 19970 in extension.

Alternative scenario: below 19500 look for further downside with 19330 & 19180 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
20150
19970
19780
19607 Last
19500
19330
19180

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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