HK50 Short Term: turning up.

HK50 (HK50)
+98+0.51%
long positions above 16970 with targets at 18500 & 19150 in extension.
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Pivot: 16970

Our preference: long positions above 16970 with targets at 18500 & 19150 in extension.

Alternative scenario: below 16970 look for further downside with 16450 & 16030 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
19700 **
19150 ***
18500 ***
18039 Last
16970 ***
16450 ***
16030 **

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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