HK50 Short Term: further advance.

HK50 (HK50)
-90-0.34%
long positions above 24800 with targets at 26800 & 27500 in extension.
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Pivot: 24800

Our preference: long positions above 24800 with targets at 26800 & 27500 in extension.

Alternative scenario: below 24800 look for further downside with 23700 & 22700 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:
28300 **
27500 ***
26800 ***
26484 Last
24800 ***
23700 ***
22700 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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