Hang Seng may fall to 18700 - 19700

Pivot

21600

Our preference

Short positions below 21600 with targets at 19700 & 18700 in extension.

Alternative scenario

Above 21600 look for further upside with 23200 & 24000 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

24000 **

23200 ***

21600 ***

20263 Last

19700 ***

18700 ***

18000 **

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