Hang Seng may rise to 18500 - 18660

Pivot

18160

Our preference

Long positions above 18160 with targets at 18500 & 18660 in extension.

Alternative scenario

Below 18160 look for further downside with 18000 & 17820 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

18800

18660

18500

18292 Last

18160

18000

17820

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