Index

Hang Seng may fall to 16030 - 16450

2024-09-13

Pivot

18000

Our preference

Short positions below 18000 with targets at 16450 & 16030 in extension.

Alternative scenario

Above 18000 look for further upside with 18500 & 19150 as targets.

Comment

As long as 18000 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

19150 **

18500 ***

18000 ***

17408 Last

16450 ***

16030 ***

15450 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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