$CORAZA (0240.MY)$ From the chart, the overall trend is stil...

From the chart, the overall trend is still within channeling :
* Price Action: The price has been making lower highs and lower lows, which is the defining characteristic of a downtrend.
* Descending Channel: The price is contained within a descending channel, which further confirms the downtrend. This channel acts as a visual representation of the downward pressure on the price.
While there might be short-term upward movements or bounces within the channel, the dominant trend is clearly downwards. The recent upward movement you observed is likely a corrective wave within this larger downtrend, as indicated by the lack of volume. If the price break the ceiling of upper channel, then it will turn to be uptrend, else will bounced back.
Therefore, despite the recent upward tick and the MACD indicator showing potential upward movement, the chart, in its entirety, points towards a downtrend. This is why it's crucial to look at the bigger picture and consider multiple factors, including price action, trendlines, and volume, to accurately assess the trend.