HK50 Intraday: expect 25000.
HK50 (HK50)
-99-0.41%
long positions above 24280 with targets at 25000 & 25240 in extension.
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: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
25800
25240
25000
24510 Last
24280
23910
23550
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: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
25800
25240
25000
24510 Last
24280
23910
23550
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