Hang Seng may rise to 18460 - 18570

Pivot

18230

Our preference

Long positions above 18230 with targets at 18460 & 18570 in extension.

Alternative scenario

Below 18230 look for further downside with 18120 & 18000 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

18700

18570

18460

18332 Last

18230

18120

18000

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