Hang Seng may rise to 17540 - 17640

Pivot

17240

Our preference

Long positions above 17240 with targets at 17540 & 17640 in extension.

Alternative scenario

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

Comment

The RSI calls for a bounce.

Supports and resistances

17830

17640

17540

17378 Last

17240

17130

16970

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