Hang Seng may rise to 17550 - 17700

Pivot

17250

Our preference

Long positions above 17250 with targets at 17550 & 17700 in extension.

Alternative scenario

Below 17250 look for further downside with 17110 & 16980 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

17860

17700

17550

17407 Last

17250

17110

16980

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