Hang Seng Intraday: consolidation in place.
Pivot: 16650
Our preference: short positions below 16650 with targets at 16400 & 16260 in extension.
Alternative scenario: above 16650 look for further upside with 16750 & 16850 as targets.
Comment: the RSI calls for a drop.
Supports and resistances:
16850
16750
16650
16503 Last
16400
16260
16050
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