Hang Seng may rise to 17660 - 17800

Pivot

17470

Our preference

Long positions above 17470 with targets at 17660 & 17800 in extension.

Alternative scenario

Below 17470 look for further downside with 17370 & 17220 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

17950

17800

17660

17540 Last

17470

17370

17220

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