Hang Seng may rise to 17900 - 18040

Pivot

17650

Our preference

Long positions above 17650 with targets at 17900 & 18040 in extension.

Alternative scenario

Below 17650 look for further downside with 17500 & 17390 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

18150

18040

17900

17805 Last

17650

17500

17390

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