Hang Seng may rise to 23200 - 25000

Pivot

18700

Our preference

Long positions above 18700 with targets at 23200 & 25000 in extension.

Alternative scenario

Below 18700 look for further downside with 16030 & 14600 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

26700 **

25000 **

23200 ***

21252 Last

18700 ***

16030 ***

14600 **

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