HK50 Short Term: the bias remains bullish.

HK50 (HK50)
+215+1.08%
long positions above 19030 with targets at 20500 & 21300 in extension.
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Pivot: 19030

Our preference: long positions above 19030 with targets at 20500 & 21300 in extension.

Alternative scenario: below 19030 look for further downside with 18300 & 17500 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
21950 **
21300 ***
20500 ***
19858 Last
19030 ***
18300 ***
17500 **

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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