HK50 Intraday: intraday support around 18180.
May 8, 2024 23:35
HK50 (HK50)
-87-0.44%
long positions above 18180 with targets at 18440 & 18600 in extension.
Pivot: 18180
Our preference: long positions above 18180 with targets at 18440 & 18600 in extension.
Alternative scenario: below 18180 look for further downside with 18000 & 17850 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
18750
18600
18440
18313 Last
18180
18000
17850
Our preference: long positions above 18180 with targets at 18440 & 18600 in extension.
Alternative scenario: below 18180 look for further downside with 18000 & 17850 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
18750
18600
18440
18313 Last
18180
18000
17850
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