Hang Seng may fall to 16960 - 17150

Pivot

17350

Our preference

Short positions below 17350 with targets at 17150 & 16960 in extension.

Alternative scenario

Above 17350 look for further upside with 17520 & 17700 as targets.

Comment

The RSI is above its neutrality area at 50% but reversing down.

Supports and resistances

17700

17520

17350

17238 Last

17150

16960

16840

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