Hang Seng may rise to 17610 - 17700

Pivot

17370

Our preference

Long positions above 17370 with targets at 17610 & 17700 in extension.

Alternative scenario

Below 17370 look for further downside with 17220 & 17100 as targets.

Comment

A support base at 17370 has formed and has allowed for a temporary stabilisation.

Supports and resistances

17800

17700

17610

17471 Last

17370

17220

17100

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