Hang Seng may rise to 18570 - 18680

Pivot

18300

Our preference

Long positions above 18300 with targets at 18570 & 18680 in extension.

Alternative scenario

Below 18300 look for further downside with 18180 & 18070 as targets.

Comment

As long as 18300 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

18790

18680

18570

18403 Last

18300

18180

18070

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