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Hang Seng MT: the downside prevails.


Pivot: 20350

Our preference: short positions below 20350 with targets at 16800 & 14600 in extension.

Alternative scenario: above 20350 look for further upside with 22700 & 25000 as targets.

Comment: the RSI advocates for further decline.

Supports and resistances:

25000 **

22700 **

20350 ***

18018 Last

16800 ***

14600 ***

12400 **

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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