Hang Seng Index: Consolidation, followed by break higher

My last post, "Resuming Upwards", called for a move up to the upper channel line. HSI did precisely that, and is now very overbought around 21700. Looking for some consolidation here, before a possible break higher to eventually target 26,400.

Initial Target & Supports

On a break above the upper channel line, initial target will be around 23000, followed potentially by 24600 & 26400. Support is now 21000. A sustained move below this level - although unlikely - will change the picture to bearish.

All the best folks!