Hang Seng may fall to 16030 - 16600

Pivot

17900

Our preference

Short positions below 17900 with targets at 16600 & 16030 in extension.

Alternative scenario

Above 17900 look for further upside with 18500 & 19150 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

19150 **

18500 ***

17900 ***

17040 Last

16600 ***

16030 ***

15440 **

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