HK50 Intraday: rebound expected.
long positions above 19660 with targets at 19900 & 20020 in extension.
Pivot: 19660
Our preference: long positions above 19660 with targets at 19900 & 20020 in extension.
Alternative scenario: below 19660 look for further downside with 19480 & 19310 as targets.
Comment: the RSI is below its neutrality area at 50% but reversing up.
Supports and resistances:
20200
20020
19900
19778 Last
19660
19480
19310
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.