Hang Seng may rise to 19700 - 20700

Pivot

17100

Our preference

Long positions above 17100 with targets at 19700 & 20700 in extension.

Alternative scenario

Below 17100 look for further downside with 15900 & 14600 as targets.

Comment

The RSI is above its neutrality area at 50%.

Supports and resistances

22700 **

20700 **

19700 ***

17998 Last

17100 ***

15900 ***

14600 **

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