0120 GMT - The Hang Seng Tech Index may extend gains after its upside breakout from a wedge consolidation pattern on the technical chart, Phillip Securities Research's Zane Aw says in a commentary. Last Friday, the index broke above the wedge consolidation between 4770 and 5500, within which it had been trading since mid-April 2025, the analyst notes. The moving average convergence divergence indicator is also signaling a possible upside breakout after a period of consolidation, Aw says. The index is likely to rise further and reach 6195, a prior swing high posted at the start of March 2025, the analyst adds. The Hang Seng Tech Index last closed at 5538.83. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 20, 2025 21:20 ET (01:20 GMT)
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