Hang Seng may rise to 18570 - 18720

Pivot

18350

Our preference

Long positions above 18350 with targets at 18570 & 18720 in extension.

Alternative scenario

Below 18350 look for further downside with 18180 & 18080 as targets.

Comment

The RSI is mixed and calls for caution.

Supports and resistances

19000

18720

18570

18425 Last

18350

18180

18080

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