HK50 Short Term: target 24400.

HK50 (HK50)
-543-2.19%
short positions below 26300 with targets at 24900 & 24400 in extension.
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Pivot: 26300

Our preference: short positions below 26300 with targets at 24900 & 24400 in extension.

Alternative scenario: above 26300 look for further upside with 27350 & 28050 as targets.

Comment: the RSI is mixed with a bearish bias.

Supports and resistances:
28050 **
27350 ***
26300 ***
25342 Last
24900 ***
24400 ***
23700 **

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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