Hang Seng may fall to 16850 - 16980

Pivot

17180

Our preference

Short positions below 17180 with targets at 16980 & 16850 in extension.

Alternative scenario

Above 17180 look for further upside with 17280 & 17410 as targets.

Comment

As long as 17180 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

17410

17280

17180

17058 Last

16980

16850

16610

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