HK50 Intraday: under pressure.

HK50 (HK50)
+87+0.33%
short positions below 25770 with targets at 25200 & 25000 in extension.
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Pivot: 25770

Our preference: short positions below 25770 with targets at 25200 & 25000 in extension.

Alternative scenario: above 25770 look for further upside with 26100 & 26370 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:
26370
26100
25770
25434 Last
25200
25000
24800

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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