ETF with Momentum: Lion-OCBC Securities Hang Seng TECH ETF

February 5, 2025

 

In today’s fast-paced ETF market, understanding the subtle cues of technical analysis is crucial for smart investing.

In this article, we focus on the Lion-OCBC Securities Hang Seng TECH ETF (SGX: HST), whose price action is showing a strong bullish continuation to the upside.

Key highlights from the technical report:

Lion-OCBC Securities Hang Seng TECH ETF

Market Position: The Lion-OCBC Securities Hang Seng TECH ETF is considered a ‘technical buy’ after breaking out of a long-term downtrend and consolidation. It has also closed above the 20 and 50-day exponential moving averages (EMAs), which are indicators that track average prices.

Entry Prices and Support Levels: Recommended entry points are at S$0.838, S$0.770, and S$0.730, with an established support level at S$0.798 and S$0.663.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.675. The identified resistance level is at S$0.901 and S$1.02.

Target Prices: Set at S$0.910, S$1.00, S$1.06, and S$1.16.

Company Overview: The Lion-OCBC Securities Hang Seng Tech ETF aims to match the performance of the Hang Seng TECH Index, which tracks the top technology companies listed in Hong Kong.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock’s momentum.

Our goal is to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.

Chua Wei Ren, CMT

With over 12 years’ experience, Wei Ren is a market strategist who specialises in Technical Analysis and Macro Economics. Leveraging core price action trading strategy with classical technical analysis to spot market movements for entries and exits, he believes that historical data plays a pertinent role in how market prices would impact future trades. Wei Ren also writes for CGSi Trendspotter, a daily market outlook report that aims to identify trading ideas in Singapore, as well as China and Hong Kong’s equity markets. A seasoned presenter, he has been hosting live webinars since the start of his career as a market strategist and has been featured on various mainstream media platforms including The Business Times ‘Chart Point’ and Capital 95.8.

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