Hang Seng may rise to 17520 - 17700

Pivot

17150

Our preference

Long positions above 17150 with targets at 17520 & 17700 in extension.

Alternative scenario

Below 17150 look for further downside with 16960 & 16840 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

17860

17700

17520

17282 Last

17150

16960

16840

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