Hang Seng is neutral

Pivot

18500

Our preference

Short positions below 18500 with targets at 16030 & 14600 in extension.

Alternative scenario

Above 18500 look for further upside with 19700 & 20700 as targets.

Comment

The RSI is around its neutrality area at 50%

Supports and resistances

20700 **

19700 **

18500 ***

17479 Last

16030 ***

14600 ***

13000 **

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