Hang Seng may fall to 17390 - 17500

Pivot

17870

Our preference

Short positions below 17870 with targets at 17500 & 17390 in extension.

Alternative scenario

Above 17870 look for further upside with 18040 & 18150 as targets.

Comment

The RSI calls for a drop.

Supports and resistances

18150

18040

17870

17705 Last

17500

17390

17230

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