Selling HKEX into a rally.HS50 - 24h expiry - We look to Sell at 19695 (stop at 19875)
Buying pressure from 18979 resulted in prices rejecting the dip.
We are trading at overbought extremes.
Our short term bias remains negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Weekly pivot is at 19695.
Our profit targets will be 19245 and 19165
Resistance: 19840 / 20400 / 20965
Support: 19140 / 18015 / 17710
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