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Hang Seng ST: bullish bias above 17000.
2023-11-16
544
Pivot: 17000
Our preference: long positions above 17000 with targets at 18900 & 19400 in extension.
Alternative scenario: below 17000 look for further downside with 16500 & 16000 as targets.
Comment: a support base at 17000 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
19920 ***
19400 ***
18900 ***
17832 Last
17000 ***
16500 ***
16000 **
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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