Hang Seng may rise to 22700 - 23200

Pivot

21730

Our preference

Long positions above 21730 with targets at 22700 & 23200 in extension.

Alternative scenario

Below 21730 look for further downside with 21300 & 20800 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

23700

23200

22700

22404 Last

21730

21300

20800

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