Hang Seng may rise to 17840 - 17960

Pivot

17670

Our preference

Long positions above 17670 with targets at 17840 & 17960 in extension.

Alternative scenario

Below 17670 look for further downside with 17600 & 17440 as targets.

Comment

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

Supports and resistances

18100

17960

17840

17722 Last

17670

17600

17440

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