Hang Seng may fall to 16030 - 16450

Pivot

18000

Our preference

Short positions below 18000 with targets at 16450 & 16030 in extension.

Alternative scenario

Above 18000 look for further upside with 18500 & 19150 as targets.

Comment

As long as 18000 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

19150 **

18500 ***

18000 ***

17408 Last

16450 ***

16030 ***

15450 **

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