HK50 Short Term: consolidation in place.
HK50 (HK50)
+23+0.09%
short positions below 26200 with targets at 25100 & 24400 in extension.
Pivot: 26200
Our preference: short positions below 26200 with targets at 25100 & 24400 in extension.
Alternative scenario: above 26200 look for further upside with 27400 & 28300 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
28300 **
27400 ***
26200 ***
25676 Last
25100 ***
24400 ***
23600 **
Our preference: short positions below 26200 with targets at 25100 & 24400 in extension.
Alternative scenario: above 26200 look for further upside with 27400 & 28300 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
28300 **
27400 ***
26200 ***
25676 Last
25100 ***
24400 ***
23600 **
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