HK50 Short Term: key resistance at 25600.
HK50 (HK50)
+115+0.46%
short positions below 25600 with targets at 24200 & 23700 in extension.
Pivot: 25600
Our preference: short positions below 25600 with targets at 24200 & 23700 in extension.
Alternative scenario: above 25600 look for further upside with 26300 & 27350 as targets.
Comment: as long as the resistance at 25600 is not surpassed, the risk of the break below 24200 remains high.
Supports and resistances:
27350 **
26300 ***
25600 ***
24913 Last
24200 ***
23700 ***
23200 **
Our preference: short positions below 25600 with targets at 24200 & 23700 in extension.
Alternative scenario: above 25600 look for further upside with 26300 & 27350 as targets.
Comment: as long as the resistance at 25600 is not surpassed, the risk of the break below 24200 remains high.
Supports and resistances:
27350 **
26300 ***
25600 ***
24913 Last
24200 ***
23700 ***
23200 **
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