Hang Seng may fall to 17200 - 17320

Pivot

17635

Our preference

Short positions below 17635 with targets at 17320 & 17200 in extension.

Alternative scenario

Above 17635 look for further upside with 17780 & 17865 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

17865

17780

17635

17469 Last

17320

17200

17100

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