Hang Seng may rise to 20000 - 20350

Pivot

19390

Our preference

Long positions above 19390 with targets at 20000 & 20350 in extension.

Alternative scenario

Below 19390 look for further downside with 19080 & 18870 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

20700

20350

20000

19800 Last

19390

19080

18870

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