Hang Seng may rise to 18170 - 18265

Pivot

17920

Our preference

Long positions above 17920 with targets at 18170 & 18265 in extension.

Alternative scenario

Below 17920 look for further downside with 17700 & 17550 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

18430

18265

18170

18028 Last

17920

17700

17550

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