Hang Seng may fall to 16610 - 16770

Pivot

16980

Our preference

Short positions below 16980 with targets at 16770 & 16610 in extension.

Alternative scenario

Above 16980 look for further upside with 17080 & 17250 as targets.

Comment

As long as 16980 is resistance, expect a return to 16770.

Supports and resistances

17250

17080

16980

16877 Last

16770

16610

16440

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