Hang Seng may rise to 17880 - 18040

Pivot

17580

Our preference

Long positions above 17580 with targets at 17880 & 18040 in extension.

Alternative scenario

Below 17580 look for further downside with 17500 & 17390 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

18150

18040

17880

17748 Last

17580

17500

17390

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