Hang Seng may rise to 23200 - 23700

Pivot

22000

Our preference

Long positions above 22000 with targets at 23200 & 23700 in extension.

Alternative scenario

Below 22000 look for further downside with 21480 & 20800 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

24000

23700

23200

22492 Last

22000

21480

20800

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