Hang Seng may rise to 23200 - 24000

Pivot

20300

Our preference

Long positions above 20300 with targets at 23200 & 24000 in extension.

Alternative scenario

Below 20300 look for further downside with 19700 & 18700 as targets.

Comment

The RSI is above its neutrality area at 50%.

Supports and resistances

25000 **

24000 ***

23200 ***

20765 Last

20300 ***

19700 ***

18700 **

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