Hang Seng may fall to 17900 - 18000

Pivot

18150

Our preference

Short positions below 18150 with targets at 18000 & 17900 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

18089 Last

18000

17900

17780

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