HK50 Intraday: intraday support around 19500.
long positions above 19500 with targets at 19780 & 19970 in extension.
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
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