Semcast

HSTI Long Oppurtunity

Long
HSI:HSTECH   HANG SENG TECH INDEX
HSTI recently broke out of its peak resistance at 10,100 and extended up to 11,000.

There is a nice healthy 8.5% pullback to two strong support areas
- peak resistance turned to support
- Lower range band of 2 months upward trend

Pullback reasons include
- sector rotation to metals due to increased consumption
- sector rotation to Finance & Real Estate
Comment: Added positions at 97,000
major support zone

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