Hang Seng may rebound intraday, but likely short covering
The 
HSI saw a strong sell off yesterday likely due to traders locking in their profits. This wave of rally is not over yet and I think near term may see slight rebound in an attempt to conduct a corrective rally before going for the 3rd leg of the corrective cycle.
Momentum on the mid term and long term remain intact, only the short term shows a peak and decline.
Support is at 20,511 or 19,828. Long term target is at 27,000
HSI saw a strong sell off yesterday likely due to traders locking in their profits. This wave of rally is not over yet and I think near term may see slight rebound in an attempt to conduct a corrective rally before going for the 3rd leg of the corrective cycle. Momentum on the mid term and long term remain intact, only the short term shows a peak and decline.
Support is at 20,511 or 19,828. Long term target is at 27,000
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