Hang Seng may fall to 17100 - 17450

Pivot

18500

Our preference

Short positions below 18500 with targets at 17450 & 17100 in extension.

Alternative scenario

Above 18500 look for further upside with 19200 & 19700 as targets.

Comment

The index currently faces a challenging resistance area at 18500.

Supports and resistances

19700 **

19200 ***

18500 ***

18110 Last

17450 ***

17100 ***

16600 **

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