Hang Seng may fall to 17100 - 17700

Pivot

19000

Our preference

Short positions below 19000 with targets at 17700 & 17100 in extension.

Alternative scenario

Above 19000 look for further upside with 19700 & 20350 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

20350 **

19700 ***

19000 ***

18177 Last

17700 ***

17100 ***

16100 **

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