HK50 Intraday: consolidation.
HK50 (HK50)
+59+0.27%
short positions below 22130 with targets at 21820 & 21720 in extension.
Pivot: 22130
Our preference: short positions below 22130 with targets at 21820 & 21720 in extension.
Alternative scenario: above 22130 look for further upside with 22270 & 22400 as targets.
Comment: as long as 22130 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
22400
22270
22130
21989 Last
21820
21720
21560
Our preference: short positions below 22130 with targets at 21820 & 21720 in extension.
Alternative scenario: above 22130 look for further upside with 22270 & 22400 as targets.
Comment: as long as 22130 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
22400
22270
22130
21989 Last
21820
21720
21560
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.
