Hang Seng may fall to 19900 - 20230

Pivot

21500

Our preference

Short positions below 21500 with targets at 20230 & 19900 in extension.

Alternative scenario

Above 21500 look for further upside with 21920 & 22650 as targets.

Comment

As long as 21500 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

22650

21920

21500

20868 Last

20230

19900

19550

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