Hang Seng (HKFE) (J5) Intraday: the bias remains bullish.

Pivot: 21920.00

Our preference: long positions above 21920.00 with targets at 22280.00 & 22400.00 in extension.

Alternative scenario: below 21920.00 look for further downside with 21720.00 & 21560.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

22600.00

22400.00

22280.00

22040.00 Last

21920.00

21720.00

21560.00