Hang Seng may rise to 17280 - 17410

Pivot

16980

Our preference

Long positions above 16980 with targets at 17280 & 17410 in extension.

Alternative scenario

Below 16980 look for further downside with 16850 & 16740 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

17550

17410

17280

17109 Last

16980

16850

16740

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