Hang Seng may rise to 23700 - 25000

Pivot

20300

Our preference

Long positions above 20300 with targets at 23700 & 25000 in extension.

Alternative scenario

Below 20300 look for further downside with 19700 & 18700 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

26400 **

25000 ***

23700 ***

22572 Last

20300 ***

19700 ***

18700 **

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