Hang Seng Tech Index ( $HSTECH(HSTECH)$ ) – Technical Analysis 1. Price Structure Previous resistance: ~4,850 Recent support: ~4,300 Current price: ~4,755 Price broke above 4,850 but failed to sustain; current daily close is below the breakout zone. 2. Key Observations The breakout above 4,850 was short-lived and lacked follow-through. A daily close below 4,750 would signal a failed breakout, increasing the probability of further downside. RSI remains below 50, suggesting weak bullish momentum and the potential for continued selling pressure. 3. Price Scenarios Bullish Case: If price stabilises above 4,750 and reclaims 4,850, a further rebound may occur toward higher resistance zones. Bearish Case: A close below 4,750 confirms the failed breakou

Chinese markets staging a V-shaped rebound, as the authority readying a policy bazooka. The $HSTECH(HSTECH)$ plunged 6% at open, but up 2% for close. $iShares China Large-Cap ETF(FXI)$ , $KraneShares CSI China Internet ETF(KWEB)$ , $Direxion Daily CSI China Internet Index Bull 2x Shares(CWEB)$ $Invesco Golden Dragon China ETF(PGJ)$ , $Alibaba(BABA)$ , $PDD Holdings Inc(PDD)$ , $Baidu(BIDU)$ $iShares MSCI Hong Kong