Hang Seng may fall to 20280 - 20800

Pivot

21500

Our preference

Short positions below 21500 with targets at 20800 & 20280 in extension.

Alternative scenario

Above 21500 look for further upside with 22000 & 22700 as targets.

Comment

The RSI has struck against a major resistance around 70% and is reversing down.

Supports and resistances

22700

22000

21500

21134 Last

20800

20280

19950

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