Hang Seng may rise to 16870 - 17080

Pivot

16440

Our preference

Long positions above 16440 with targets at 16870 & 17080 in extension.

Alternative scenario

Below 16440 look for further downside with 16300 & 16140 as targets.

Comment

The RSI has broken up its 30 level.

Supports and resistances

17250

17080

16870

16698 Last

16440

16300

16140

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