Hang Seng may fall to 16700 - 16820

Pivot

17160

Our preference

Short positions below 17160 with targets at 16820 & 16700 in extension.

Alternative scenario

Above 17160 look for further upside with 17300 & 17410 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

17410

17300

17160

16966 Last

16820

16700

16620

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