HK50 Intraday: intraday support around 22720.
long positions above 22720 with targets at 23240 & 23530 in extension.
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Pivot: 22720
Our preference: long positions above 22720 with targets at 23240 & 23530 in extension.
Alternative scenario: below 22720 look for further downside with 22440 & 22100 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
23680
23530
23240
23026 Last
22720
22440
22100
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