Research update

A running archive of HTI (Hang Seng Tech Index) views from Tactical Positioning.

HTIHTI (Hang Seng Tech Index) backtested and reversed from the uptrendline resistance.

HTII warned HTI (Hang Seng Tech Index) was heading lower last week. It's now sitting on a key support level. If it breaks, it opens the door for a retest of 4.2K.

HTIHTI (Hang Seng Tech Index) rebounded from my support around 4740.

HTIHTI (Hang Seng Tech Index) is clinging to 4.74K for dear life. A clean break below this level opens the door to a test of 4.2K.

HTIHTI (Hang Seng Tech Index) had a failed attempt to break out to the upside. The move was quickly reversed, and the index is now testing the key 4.74K support that has held it afloat for the past few months.

A decisive break below 4.74K opens the door to a test of 4.2K.

HTIHTI lost the 4.74K support I flagged and remains below the descending trendline. A sustained move back above 4.74K opens the door to 5.14K. Failure to reclaim it keeps 4.2K in play.

The global AI bid remains concentrated elsewhere. China internet names are still not being rewarded for the same AI narrative, and the price action reflects that.

HTIHTI (Hang Seng Tech Index) lost 4.737K, failed to reclaim it, and is now sitting on major support at 4.195K. That is the final line in the sand.

I expect a bounce from here. A confirmed break below 4.195K opens the door to a sharp acceleration lower.

HTIHTI extended the bounce from my 4.2K-4.25K support and is now testing the descending trendline around 4.74K. A sustained break above 4.74K opens the door to 5.14K. If it fails here, price could pull back toward 4.25K.

Price has reached my first target, so this is where I would start taking partial profits or tightening stops.