Hang Seng may rise to 17080 - 17250

Pivot

16650

Our preference

Long positions above 16650 with targets at 17080 & 17250 in extension.

Alternative scenario

Below 16650 look for further downside with 16440 & 16300 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

17400

17250

17080

16865 Last

16650

16440

16300

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