Hang Seng may fall to 17780 - 17900

Pivot

18150

Our preference

Short positions below 18150 with targets at 17900 & 17780 in extension.

Alternative scenario

Above 18150 look for further upside with 18240 & 18360 as targets.

Comment

As long as 18150 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

18360

18240

18150

18027 Last

17900

17780

17700

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