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Hang Seng ST: the bias remains bullish.
2024-05-24
1169
Pivot: 18200
Our preference: long positions above 18200 with targets at 19700 & 20350 in extension.
Alternative scenario: below 18200 look for further downside with 17700 & 17100 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
21000 **
20350 ***
19700 ***
18629 Last
18200 ***
17700 ***
17100 **
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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