Hong Kong Tech Index: Possible Change of Momentum

Published On: 25 November 2022, 9:21 AM |Donny Lew, Senior Dealer
 
    • Looking at the chart of the Hong Kong Tech index, we can see that the prices have broken out of the downtrend line
 
    • Prices have started moving toward the upside and form an uptrend channel.
 
    • This might serve as an indication that the momentum has shifted and is poised to the upside

    • Prices might find support on the lower support line of the uptrend channel

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