Hang Seng may fall to 16700 - 16840

Pivot

17170

Our preference

Short positions below 17170 with targets at 16840 & 16700 in extension.

Alternative scenario

Above 17170 look for further upside with 17360 & 17520 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

17520

17360

17170

16997 Last

16840

16700

16560

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