Hang Seng may rise to 17900 - 18040

Pivot

17590

Our preference

Long positions above 17590 with targets at 17900 & 18040 in extension.

Alternative scenario

Below 17590 look for further downside with 17445 & 17230 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances

18150

18040

17900

17828 Last

17590

17445

17230

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