Hang Seng may fall to 19570 - 19900

Pivot

20700

Our preference

Short positions below 20700 with targets at 19900 & 19570 in extension.

Alternative scenario

Above 20700 look for further upside with 21330 & 21610 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

21610

21330

20700

20280 Last

19900

19570

19000

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