Hang Seng may fall to 16700 - 16820

Pivot

17080

Our preference

Short positions below 17080 with targets at 16820 & 16700 in extension.

Alternative scenario

Above 17080 look for further upside with 17200 & 17300 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

17300

17200

17080

16944 Last

16820

16700

16620

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