Technical Analysis of Hang Seng Tech Index and Trading Instruments for Investors
Hang Seng Tech
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Current Trend
The Hang Seng Tech Index is showing a sideways consolidation after a strong upward move in September-October.
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Resistance: The recent high near 4,800 (highlighted in orange) is acting as strong resistance.
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Support: Immediate support lies near the 4,434 zone (50% Fibonacci retracement). Next major support level is around 4,189 (62% Fibonacci retracement, green line).
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Key Observations
After failing to break above 4,800, the index has corrected but is holding the Fibonacci 50% retracement level. If this level holds, the index could retest the 4,800 resistance zone. A break below 4,434 could open the door for further downside toward 4,189.
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Momentum
Relative strength appears weak but stable, suggesting consolidation rather than a reversal.
Instruments to Trade Hang Seng Tech Listed on SGX
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Lion-OCBC Hang Seng TECH ETF ( $LION OCBC HSTECH ETF S$(HST.SI)$ )
Tracks the Hang Seng TECH Index.
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Daily Leverage Certificates (DLCs)
Leveraged derivatives listed on SGX that track the Hang Seng TECH Index with 5X leverage. Available for both long and short positions. Examples include: 5x Long Hang Seng TECH Index and 5x Short Hang Seng TECH Index
DLCs of HSTECH
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For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook
Disclaimer:
This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
