From TradingView · · 40s
Hong Kong Tech Stocks Decline
Hong Kong tech stocks face bearish pressure as China's lending rates weaken stimulus hopes.
In brief
Hong Kong tech stocks face bearish pressure as China's lending rates weaken stimulus hopes. Hong Kong tech stocks remain under pressure as China's unchanged lending rates weaken hopes for further stimulus. Originally reported by TradingView.
Hong Kong Tech Stocks
Hong Kong tech stocks remain under pressure as China's unchanged lending rates weaken hopes for further stimulus.
Technical Setup
HSTECH trades near 3,793.93 (−5.03%) with a clear sequence of lower highs and lower lows.
Bearish Strategy
Sell on confirmed rejection with entry zone 3,950, 4,050 and stop loss at 4,150.
Here's the gist
Hong Kong tech stocks remain under pressure as China's unchanged lending rates weaken hopes for further stimulus.
