Hang Seng may fall to 17850 - 18000

Pivot

18430

Our preference

Short positions below 18430 with targets at 18000 & 17850 in extension.

Alternative scenario

Above 18430 look for further upside with 18670 & 18870 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

18870

18670

18430

18194 Last

18000

17850

17700

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