Lion OCBC Sec HSTech ETF - Positive Candle

Technology stocks are the future and the Lion OCBC Sec Hong Kong Tech ETF looks promising for a test entry now with all the negative news more or less discounted.

Test entry means can start to nibble some.  Confirm entry will be when price action perform a zig-zag higher high and higher low.

Probability of upside is higher now as price action had move out of downtrend line after 8 sideways candle.

1.35 is the 1st support  and 1.30 is the 2nd support while 1.40 the 1st resistance and 1.45 the 2nd resistance.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.