HS50 - 24h expiry - We look to Sell at 19220 (stop at 19405)

Price action looks to be forming a top.
The 200 day moving average should provide resistance at 19235.
This is negative for sentiment and the downtrend has potential to return.
Preferred trade is to sell into rallies.
Further downside is expected although we prefer to sell into rallies close to the 19220 level.

Our profit targets will be 18770 and 18670

Resistance: 19840 / 20400 / 20965
Support: 18015 / 17710 / 16320

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HKHONG KONG 33hk50HKDhkexHKG33Support and Resistance

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