Hang Seng may fall to 17100 - 17700

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 ***

18021 Last

17700 ***

17100 ***

16100 **

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