HK50 Short Term: the bias remains bullish.
long positions above 19030 with targets at 20500 & 21300 in extension.
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 **
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