HK50 Short Term: 24900 in sight.

HK50 (HK50)
-161-0.63%
short positions below 27000 with targets at 24900 & 24200 in extension.
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Pivot: 27000

Our preference: short positions below 27000 with targets at 24900 & 24200 in extension.

Alternative scenario: above 27000 look for further upside with 27500 & 28000 as targets.

Comment: the RSI calls for a new downleg.

Supports and resistances:
28000 **
27500 ***
27000 ***
25688 Last
24900 ***
24200 ***
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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