Hang Seng may fall to 16030 - 16600

Pivot

17700

Our preference

Short positions below 17700 with targets at 16600 & 16030 in extension.

Alternative scenario

Above 17700 look for further upside with 18500 & 19150 as targets.

Comment

A break below 16600 would trigger a drop towards 16030.

Supports and resistances

19150 **

18500 ***

17700 ***

16893 Last

16600 ***

16030 ***

15440 **

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