Index

Hang Seng may fall to 17100 - 17700

2024-06-14

Pivot

18700

Our preference

Short positions below 18700 with targets at 17700 & 17100 in extension.

Alternative scenario

Above 18700 look for further upside with 19200 & 19700 as targets.

Comment

The RSI is mixed with a bearish bias.

Supports and resistances

19700 **

19200 ***

18700 ***

17998 Last

17700 ***

17100 ***

16100 **

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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