Hang Seng (HKFE) (F4) Intraday: key resistance at 16225.00.
Pivot: 16225.00
Our preference: short positions below 16225.00 with targets at 16055.00 & 15950.00 in extension.
Alternative scenario: above 16225.00 look for further upside with 16370.00 & 16470.00 as targets.
Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.
Supports and resistances:
16470.00
16370.00
16225.00
16166.00 Last
16055.00
15950.00
15850.00
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