Hang Seng may fall to 17130 - 17300

Pivot

17630

Our preference

Short positions below 17630 with targets at 17300 & 17130 in extension.

Alternative scenario

Above 17630 look for further upside with 17860 & 18080 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

18080

17860

17630

17399 Last

17300

17130

17000

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