Hang Seng may rise to 17080 - 17250

Pivot

16740

Our preference

Long positions above 16740 with targets at 17080 & 17250 in extension.

Alternative scenario

Below 16740 look for further downside with 16610 & 16440 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

17410

17250

17080

16938 Last

16740

16610

16440

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