Hang Seng may rise to 20350 - 21000

Pivot

18200

Our preference

Long positions above 18200 with targets at 20350 & 21000 in extension.

Alternative scenario

Below 18200 look for further downside with 17700 & 17100 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

21700 **

21000 ***

20350 ***

19650 Last

18200 ***

17700 ***

17100 **

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