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

A support base at 18350 has formed and has allowed for a temporary stabilisation.

Supports and resistances

19000

18720

18570

18476 Last

18350

18180

18080

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