Hang Seng Intraday: the downside prevails.
Pivot: 16540
Our preference: short positions below 16540 with targets at 16240 & 16120 in extension.
Alternative scenario: above 16540 look for further upside with 16730 & 16840 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
16840
16730
16540
16358 Last
16240
16120
16000
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