Hang Seng may rise to 23440 - 23900

Pivot

22400

Our preference

Long positions above 22400 with targets at 23440 & 23900 in extension.

Alternative scenario

Below 22400 look for further downside with 22000 & 21480 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

24300

23900

23440

23042 Last

22400

22000

21480

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