HK50 Short Term: the bias remains bullish.
HK50 (HK50)
+86+0.32%
long positions above 25800 with targets at 27500 & 28300 in extension.
Pivot: 25800
Our preference: long positions above 25800 with targets at 27500 & 28300 in extension.
Alternative scenario: below 25800 look for further downside with 24400 & 23200 as targets.
Comment: a support base at 25800 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
29400 **
28300 ***
27500 ***
26778 Last
25800 ***
24400 ***
23200 **
Our preference: long positions above 25800 with targets at 27500 & 28300 in extension.
Alternative scenario: below 25800 look for further downside with 24400 & 23200 as targets.
Comment: a support base at 25800 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
29400 **
28300 ***
27500 ***
26778 Last
25800 ***
24400 ***
23200 **
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