HK50 Short Term: watch 24400.
HK50 (HK50)
+280+1.12%
short positions below 26300 with targets at 24400 & 23700 in extension.
Pivot: 26300
Our preference: short positions below 26300 with targets at 24400 & 23700 in extension.
Alternative scenario: above 26300 look for further upside with 27350 & 28050 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
28050 **
27350 ***
26300 ***
25789 Last
24400 ***
23700 ***
22700 **
Our preference: short positions below 26300 with targets at 24400 & 23700 in extension.
Alternative scenario: above 26300 look for further upside with 27350 & 28050 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
28050 **
27350 ***
26300 ***
25789 Last
24400 ***
23700 ***
22700 **
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