Hang Seng Intraday: towards 16050.
Pivot: 16480
Our preference: short positions below 16480 with targets at 16180 & 16050 in extension.
Alternative scenario: above 16480 look for further upside with 16600 & 16720 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
16720
16600
16480
16287 Last
16180
16050
15900
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