Hang Seng may rise to 18040 - 18150

Pivot

17650

Our preference

Long positions above 17650 with targets at 18040 & 18150 in extension.

Alternative scenario

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

Comment

The RSI advocates for further upside.

Supports and resistances

18310

18150

18040

17875 Last

17650

17500

17390

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