Hang Seng may fall to 16600 - 16840

Pivot

17260

Our preference

Short positions below 17260 with targets at 16840 & 16600 in extension.

Alternative scenario

Above 17260 look for further upside with 17520 & 17700 as targets.

Comment

The RSI is mixed with a bearish bias.

Supports and resistances

17700

17520

17260

17027 Last

16840

16600

16440

Number of asterisks represents the strength of support and resistance levels.