Hang Seng may rise to 19350 - 19470

Pivot

19130

Our preference

Long positions above 19130 with targets at 19350 & 19470 in extension.

Alternative scenario

Below 19130 look for further downside with 18980 & 18830 as targets.

Comment

A support base at 19130 has formed and has allowed for a temporary stabilisation.

Supports and resistances

19580

19470

19350

19198 Last

19130

18980

18830

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