Hang Seng may rise to 16920 - 17080

Pivot

16440

Our preference

Long positions above 16440 with targets at 16920 & 17080 in extension.

Alternative scenario

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

Comment

A support base at 16440 has formed and has allowed for a temporary stabilisation.

Supports and resistances

17250

17080

16920

16681 Last

16440

16300

16140

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