Hang Seng may fall to 16300 - 16440

Pivot

16800

Our preference

Short positions below 16800 with targets at 16440 & 16300 in extension.

Alternative scenario

Above 16800 look for further upside with 16960 & 17080 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

17080

16960

16800

16585 Last

16440

16300

16140

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