Index

Hang Seng may fall to 17100 - 17700

2024-06-03

Pivot

19000

Our preference

Short positions below 19000 with targets at 17700 & 17100 in extension.

Alternative scenario

Above 19000 look for further upside with 19700 & 20350 as targets.

Comment

The RSI is mixed with a bearish bias.

Supports and resistances

20350 **

19700 ***

19000 ***

18498 Last

17700 ***

17100 ***

16100 **

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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