Hang Seng may rise to 18040 - 18170

Pivot

17860

Our preference

Long positions above 17860 with targets at 18040 & 18170 in extension.

Alternative scenario

Below 17860 look for further downside with 17750 & 17650 as targets.

Comment

A support base at 17860 has formed and has allowed for a temporary stabilisation.

Supports and resistances

18265

18170

18040

17915 Last

17860

17750

17650

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