Hang Seng may rise to 17650 - 17780

Pivot

17330

Our preference

Long positions above 17330 with targets at 17650 & 17780 in extension.

Alternative scenario

Below 17330 look for further downside with 17240 & 17150 as targets.

Comment

A support base at 17330 has formed and has allowed for a temporary stabilisation.

Supports and resistances

17865

17780

17650

17541 Last

17330

17240

17150

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