Hang Seng may rise to 20700 - 21000

Pivot

20140

Our preference

Long positions above 20140 with targets at 20700 & 21000 in extension.

Alternative scenario

Below 20140 look for further downside with 19900 & 19570 as targets.

Comment

A support base at 20140 has formed and has allowed for a temporary stabilisation.

Supports and resistances

21330

21000

20700

20286 Last

20140

19900

19570

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