Hang Seng may fall to 18390 - 18490

Pivot

18700

Our preference

Short positions below 18700 with targets at 18490 & 18390 in extension.

Alternative scenario

Above 18700 look for further upside with 18830 & 19010 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

19010

18830

18700

18562 Last

18490

18390

18290

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