Hang Seng may rise to 17780 - 17865

Pivot

17500

Our preference

Long positions above 17500 with targets at 17780 & 17865 in extension.

Alternative scenario

Below 17500 look for further downside with 17410 & 17320 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

17940

17865

17780

17644 Last

17500

17410

17320

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