HK50 Intraday: bullish bias above 25600.
long positions above 25600 with targets at 25930 & 26100 in extension.

Pivot: 25600
Our preference: long positions above 25600 with targets at 25930 & 26100 in extension.
Alternative scenario: below 25600 look for further downside with 25400 & 25120 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
26400
26100
25930
25697 Last
25600
25400
25120
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