HK50 Middle Term: further advance.

HK50 (HK50)
+140+0.56%
long positions above 20700 with targets at 26200 & 26870 in extension.
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Pivot: 20700

Our preference: long positions above 20700 with targets at 26200 & 26870 in extension.

Alternative scenario: below 20700 look for further downside with 18700 & 16800 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
28000 **
26870 **
26200 ***
25104 Last
20700 ***
18700 ***
16800 **

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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