Hang Seng may rise to 18240 - 18360

Pivot

18000

Our preference

Long positions above 18000 with targets at 18240 & 18360 in extension.

Alternative scenario

Below 18000 look for further downside with 17900 & 17780 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

18460

18360

18240

18116 Last

18000

17900

17780

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