Hang Seng may rebound intraday, but likely short covering
Updated
The 
HSI saw a strong sell off yesterday likely due to traders locking in their profits. This wave of rally is not over yet and I think near term may see slight rebound in an attempt to conduct a corrective rally before going for the 3rd leg of the corrective cycle.
Momentum on the mid term and long term remain intact, only the short term shows a peak and decline.
Support is at 20,511 or 19,828. Long term target is at 27,000
HSI saw a strong sell off yesterday likely due to traders locking in their profits. This wave of rally is not over yet and I think near term may see slight rebound in an attempt to conduct a corrective rally before going for the 3rd leg of the corrective cycle. Momentum on the mid term and long term remain intact, only the short term shows a peak and decline.
Support is at 20,511 or 19,828. Long term target is at 27,000
Trade active
Support at 19,828 is broken and rebound thereafter is very weak, may see one more leg down.
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