Hang Seng may rise to 17550 - 17670

Pivot

17240

Our preference

Long positions above 17240 with targets at 17550 & 17670 in extension.

Alternative scenario

Below 17240 look for further downside with 17130 & 16970 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

17830

17670

17550

17378 Last

17240

17130

16970

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