$Lion-OCBC Sec HSTECH S$(HST.SI)$...is HST on an up trend?
It surely looks like that to me.
It has higher lows since middle March's all time low at 0.584 and has crossed the 50-D MA line. Further crossing 100-D MA line is certainly a good indicator of a middle-term rise trend.
Fundamentally, Chinese techs have experienced a broad and significant decline during the past 2+ years due to China's regulatory actions and geopolitical pressures.
Since middle March, HST has recovered from its ATL for c.40%.
China has reaffirmed policies to support the technical industries including the all powerful Internet platform companies.
So it certainly looks like we're gettinga better time ahead of us, and HST could be a good counter to take the ride.
What do you think?
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