Hang Seng may rise to 22700 - 25000

Pivot

18300

Our preference

Long positions above 18300 with targets at 22700 & 25000 in extension.

Alternative scenario

Below 18300 look for further downside with 16030 & 14600 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

26700 **

25000 **

22700 ***

20675 Last

18300 ***

16030 ***

14600 **

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