HSI Bounced Off Support, Potential For A Further Rise!

Hang Seng Index bounced off our first support at 25432 (horizontal swing low support, 61.8% Fibonacci extension , 78.6%, 61.8% fibonacci retracement , horizontal swing low support) where a further rise could occur above this level pushing price up to our major resistance at 26320 (100% fibonacci extension , 50% fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) is bounced off its support and we might see a further rise in price above this level.