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Hang Seng Intraday: key resistance at 16380.

2024-04-19
151

Pivot: 16380

Our preference: short positions below 16380 with targets at 16130 & 16040 in extension.

Alternative scenario: above 16380 look for further upside with 16500 & 16640 as targets.

Comment: as long as 16380 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

16640

16500

16380

16236 Last

16130

16040

15940

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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