Hang Seng may rise to 18570 - 18700

Pivot

18230

Our preference

Long positions above 18230 with targets at 18570 & 18700 in extension.

Alternative scenario

Below 18230 look for further downside with 18120 & 18000 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

18830

18700

18570

18430 Last

18230

18120

18000

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