Hang Seng Tech Index - Bullish MACD Convergence is forming
- the Hang Seng Tech Index continued to trend lower within a "Descending Channel"
- bullish MACD convergence signals upside potential if the index breaks the ceiling of the channel
- the overall trend remains bearish-biased, and further consolidation is likely in the days to come
- the center line of the channel can be viewed as an immediate support
- bullish MACD convergence signals upside potential if the index breaks the ceiling of the channel
- the overall trend remains bearish-biased, and further consolidation is likely in the days to come
- the center line of the channel can be viewed as an immediate support
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