Hang Seng ST: the downside prevails.
Pivot: 16300
Our preference: short positions below 16300 with targets at 14600 & 14000 in extension.
Alternative scenario: above 16300 look for further upside with 17100 & 17600 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
17600 ***
17100 ***
16300 ***
15000 Last
14600 ***
14000 ***
13400 **
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