Hang Seng may fall to 17700 - 17850

Pivot

18060

Our preference

Short positions below 18060 with targets at 17850 & 17700 in extension.

Alternative scenario

Above 18060 look for further upside with 18265 & 18430 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

Supports and resistances

18430

18265

18060

17982 Last

17850

17700

17550

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