Hang Seng may rise to 18330 - 18450

Pivot

18160

Our preference

Long positions above 18160 with targets at 18330 & 18450 in extension.

Alternative scenario

Below 18160 look for further downside with 18000 & 17850 as targets.

Comment

The RSI has broken up its 30 level.

Supports and resistances

18560

18450

18330

18230 Last

18160

18000

17850

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