HSI Testing Support, Potential Bounce!

Hang Seng Index is testing 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 strong bounce might 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 approaching support and we might see a corresponding bounce in price above this level.