Hang Seng may fall to 16960 - 17070

Pivot

17410

Our preference

Short positions below 17410 with targets at 17070 & 16960 in extension.

Alternative scenario

Above 17410 look for further upside with 17520 & 17700 as targets.

Comment

As long as 17410 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

17700

17520

17410

17305 Last

17070

16960

16840

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