HK50 Short Term: further advance.

HK50 (HK50)
+140+0.56%
long positions above 24400 with targets at 25800 & 26800 in extension.
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Pivot: 24400

Our preference: long positions above 24400 with targets at 25800 & 26800 in extension.

Alternative scenario: below 24400 look for further downside with 23700 & 22700 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
27500 **
26800 ***
25800 ***
25185 Last
24400 ***
23700 ***
22700 **

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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