Hang Seng (HKFE) Intraday: bullish bias above 26670.00.

Pivot: 26670.00

Our preference: long positions above 26670.00 with targets at 26980.00 & 27150.00 in extension.

Alternative scenario: below 26670.00 look for further downside with 26550.00 & 26380.00 as targets.

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

Supports and resistances:

27270.00

27150.00

26980.00

26829.00 Last

26670.00

26550.00

26380.00