Hang Seng may fall to 17700 - 17780

Pivot

17970

Our preference

Short positions below 17970 with targets at 17780 & 17700 in extension.

Alternative scenario

Above 17970 look for further upside with 18110 & 18250 as targets.

Comment

As long as 17970 is resistance, expect a return to 17780.

Supports and resistances

18250

18110

17970

17868 Last

17780

17700

17600

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