HSTech ETF (3032) bounced 2.1%, outperformed HSI’s 1%. HSTech ETF has found some support at the light blue down-channel bottom? or the dark blue line is the real channel bottom instead.
Still, the rebound has not yet adverted the downtrend, as it has not recovered the Dec low (purple line), Aug and Oct lows at the 127.2% extension level of the pandemic rally, or even MA10. Taking back the 127.2% is more conducive to confirming a near-term bottom.
360miq.com/market?data=HKEX#tab-3
