Hang Seng may rise to 17830 - 17980

Pivot

17490

Our preference

Long positions above 17490 with targets at 17830 & 17980 in extension.

Alternative scenario

Below 17490 look for further downside with 17360 & 17240 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

18200

17980

17830

17660 Last

17490

17360

17240

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