Index

Hang Seng may rise to 19700 - 20700

2024-06-14

Pivot

17100

Our preference

Long positions above 17100 with targets at 19700 & 20700 in extension.

Alternative scenario

Below 17100 look for further downside with 15900 & 14600 as targets.

Comment

The RSI is above its neutrality area at 50%.

Supports and resistances

22700 **

20700 **

19700 ***

17998 Last

17100 ***

15900 ***

14600 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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