Buying HKEX on dips.HS50 - 24h expiry - We look to Buy at 20260 (stop at 20090)
Selling pressure from 20753 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
Short term bias is mildly bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 20210 level.
Our profit targets will be 20690 and 20770
Resistance: 20850 / 22790 / 24770
Support: 19650 / 18680 / 17710
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