Hang Seng Tech Rocket Ship Running on FumesHang Seng Tech futures look like they’re running out of rocket fuel after the recent surge, hinting that a fresh catalyst may be needed to recalibrate the trajectory higher. That could mean a pullback before another move up.
Price, oscillators, and volumes have rolled over in unison, putting the up
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Inverse Head and Shoulders HKEX:HTI1! The Hang Seng Tech Index has been hovering around the 3700-4000 level for more than 6 months. Currently, the index is trading at 4338 with the nearest resistance at the 4800 level.
Given the boost from the Chinese government, which is considered supportive of local tech companies, it i
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Frequently Asked Questions
The nearest expiration date for Hang Seng TECH Index Futures is Apr 29, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Hang Seng TECH Index Futures before Apr 29, 2025.