HK50 Intraday: bullish bias above 26060.
HK50 (HK50)
+170+0.63%
long positions above 26060 with targets at 26370 & 26490 in extension.
Pivot: 26060
Our preference: long positions above 26060 with targets at 26370 & 26490 in extension.
Alternative scenario: below 26060 look for further downside with 25980 & 25835 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
26600
26490
26370
26242 Last
26060
25980
25835
Our preference: long positions above 26060 with targets at 26370 & 26490 in extension.
Alternative scenario: below 26060 look for further downside with 25980 & 25835 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
26600
26490
26370
26242 Last
26060
25980
25835
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