Hang Seng may fall to 16600 - 16840

Pivot

17260

Our preference

Short positions below 17260 with targets at 16840 & 16600 in extension.

Alternative scenario

Above 17260 look for further upside with 17520 & 17700 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

17700

17520

17260

17014 Last

16840

16600

16440

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