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Hang Seng Intraday: the downside prevails.

2024-01-16
832

Pivot: 16040

Our preference: short positions below 16040 with targets at 15750 & 15650 in extension.

Alternative scenario: above 16040 look for further upside with 16200 & 16330 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:

16330

16200

16040

15892 Last

15750

15650

15550

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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