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Hang Seng MT: capped by a negative trend line.
2024-04-08
437
Pivot: 18200
Our preference: short positions below 18200 with targets at 14800 & 13000 in extension.
Alternative scenario: above 18200 look for further upside with 20000 & 21400 as targets.
Comment: as long as 18200 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
21400 **
20000 **
18200 ***
16862 Last
14800 ***
13000 ***
11500 **
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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