HK50 Short Term: the downside prevails.
short positions below 20705 with targets at 18700 & 18000 in extension.
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 **
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