Hang Seng may rise to 20350 - 21000

Pivot

18300

Our preference

Long positions above 18300 with targets at 20350 & 21000 in extension.

Alternative scenario

Below 18300 look for further downside with 17600 & 16970 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

21600 **

21000 ***

20350 ***

19572 Last

18300 ***

17600 ***

16970 **

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