Hang Seng may rise to 17440 - 17550

Pivot

17130

Our preference

Long positions above 17130 with targets at 17440 & 17550 in extension.

Alternative scenario

Below 17130 look for further downside with 16970 & 16850 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

17670

17550

17440

17298 Last

17130

16970

16850

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