HK50 Short Term: up turn.
long positions above 19050 with targets at 20550 & 21300 in extension.
Pivot: 19050
Our preference: long positions above 19050 with targets at 20550 & 21300 in extension.
Alternative scenario: below 19050 look for further downside with 18300 & 17500 as targets.
Comment: the RSI calls for a bounce.
Supports and resistances:
21950 **
21300 ***
20550 ***
20095 Last
19050 ***
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.