Hang Seng ST: the bias remains bullish.
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Pivot: 18200
Our preference: long positions above 18200 with targets at 19700 & 20350 in extension.
Alternative scenario: below 18200 look for further downside with 17700 & 17100 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
21000 **
20350 ***
19700 ***
18629 Last
18200 ***
17700 ***
17100 **
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