HK50 Short Term: bullish bias above 26250.
long positions above 26250 with targets at 27350 & 28050 in extension.

Pivot: 26250
Our preference: long positions above 26250 with targets at 27350 & 28050 in extension.
Alternative scenario: below 26250 look for further downside with 25550 & 25100 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
28500 **
28050 ***
27350 ***
26569 Last
26250 ***
25550 ***
25100 **
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