HK50 Intraday: the downside prevails.

HK50 (HK50)
-38-0.15%
short positions below 24980 with targets at 24680 & 24560 in extension.
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Pivot: 24980

Our preference: short positions below 24980 with targets at 24680 & 24560 in extension.

Alternative scenario: above 24980 look for further upside with 25160 & 25390 as targets.

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

Supports and resistances:
25390 ***
25160 **
24980 **
24859 Last
24680 ***
24560 ***
24330 **

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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