Quick post here. $Hang Seng TECH Index(800700.HK)$has broken above a very strong resistance. If price can stay above 3600, then this is the first sign of a trend reversal. Of course, the price must be traded above 4160 for a more convincing move upwards. Meanwhile momentum is coming in for$Hang Seng TECH Index(800700.HK)$. In this video that I made earlier on$Lion-OCBC Sec HSTECH S(HST.SG)$, I mentioned...
If you are investing or trading$Lion-OCBC Sec HSTECH S(HST.SG)$, then this level is important to suggest technically that the trend is showing some temporary strength. My video on why hang seng tech is something to consider: youtu.be/rw0r7b... Technically: 1. Price bouncing off 0.50 might be forming a double-bottom 2. But a trend reversal to suggest a short-term upward movement has to see a price above 0.58 for$Lion-OCBC Sec HSTECH S(HST.SG)$