Hang Seng may fall to 17650 - 17750

Pivot

18040

Our preference

Short positions below 18040 with targets at 17750 & 17650 in extension.

Alternative scenario

Above 18040 look for further upside with 18170 & 18265 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

18265

18170

18040

17981 Last

17750

17650

17550

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