HK50 Short Term: under pressure.

HK50 (HK50)
+132+0.58%
short positions below 24200 with targets at 21500 & 20400 in extension.
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Pivot: 24200

Our preference: short positions below 24200 with targets at 21500 & 20400 in extension.

Alternative scenario: above 24200 look for further upside with 25100 & 26100 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:
26100 **
25100 ***
24200 ***
22708 Last
21500 ***
20400 ***
19400 **

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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