CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

HK50 Intraday: caution.

HK50 (HK50)
-99-0.41%
long positions above 24280 with targets at 25000 & 25240 in extension.
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Pivot: 24280

Our preference: long positions above 24280 with targets at 25000 & 25240 in extension.

Alternative scenario: below 24280 look for further downside with 23910 & 23550 as targets.

Comment: the RSI is mixed and calls for caution.

Supports and resistances:
25800
25240
25000
24514 Last
24280
23910
23550

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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