Hang Seng may fall to 18000 - 18160

Pivot

18390

Our preference

Short positions below 18390 with targets at 18160 & 18000 in extension.

Alternative scenario

Above 18390 look for further upside with 18540 & 18680 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

18680

18540

18390

18266 Last

18160

18000

17850

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