HSTECH was listed at $1.33 in 2021. In the four-year weekly chart, prices have broken out of an almost two-year base formation at 86 cents, indicating an eventual upside of $1.22.
The Lion-OCBC Securities Hang Seng Tech Index ETF (HSTECH) has managed to close above $1 on two consecutive days. Prices did a 4% correction from Feb 27 to Mar 4. Prices then recovered, making a new two year high of $1.008.
A consolidation at this level is normal and prices are likely to move mildly lower, dipping marginally below $1.
