Selling HKEX at slight trend of higher highs.HS50 - 24h expiry - We look to Sell at 19590 (stop at 19790)
Price action has continued to trend strongly higher and has stalled at the previous resistance near 19597.
A Doji style candle has been posted from the high.
We are trading at overbought extremes.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to sell into rallies.
Our profit targets will be 19090 and 18990
Resistance: 20400 / 20965 / 21770
Support: 19140 / 18015 / 17710
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