Hang Seng may rise to 20830 - 21070

Pivot

20230

Our preference

Long positions above 20230 with targets at 20830 & 21070 in extension.

Alternative scenario

Below 20230 look for further downside with 19900 & 19570 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

21340

21070

20830

20478 Last

20230

19900

19570

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