Hang Seng may rise to 18060 - 18265

Pivot

17850

Our preference

Long positions above 17850 with targets at 18060 & 18265 in extension.

Alternative scenario

Below 17850 look for further downside with 17700 & 17550 as targets.

Comment

A support base at 17850 has formed and has allowed for a temporary stabilisation.

Supports and resistances

18430

18265

18060

17937 Last

17850

17700

17550

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