Hang Seng may fall to 16850 - 17000

Pivot

17250

Our preference

Short positions below 17250 with targets at 17000 & 16850 in extension.

Alternative scenario

Above 17250 look for further upside with 17410 & 17630 as targets.

Comment

As long as 17250 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

17630

17410

17250

17111 Last

17000

16850

16610

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