HK50 Short Term: the downside prevails.

HK50 (HK50)
-383-1.96%
short positions below 20705 with targets at 18700 & 18000 in extension.
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Pivot: 20705

Our preference: short positions below 20705 with targets at 18700 & 18000 in extension.

Alternative scenario: above 20705 look for further upside with 21300 & 22200 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
22200 **
21300 ***
20705 ***
19576 Last
18700 ***
18000 ***
17000 **

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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