HK50 Intraday: bullish bias above 22980.

HK50 (HK50)
+230+1.00%
long positions above 22980 with targets at 23300 & 23500 in extension.
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Pivot: 22980

Our preference: long positions above 22980 with targets at 23300 & 23500 in extension.

Alternative scenario: below 22980 look for further downside with 22800 & 22500 as targets.

Comment: the RSI is mixed and calls for caution.

Supports and resistances:
23650
23500
23300
23113 Last
22980
22800
22500

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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