TECS stock does not look like a good long entry as of December 4, 2021. I would avoid shorting technology stocks with bear ETFs.
I get that the MACDThe MACD indicator is essentially a momentum indicator that shows the relationship between two different moving averages of price. The MACD is the difference between the 12-period ... gave a buy signal last week but the stock is still in a downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u..., the momentum is bearish (red-colored daily candlesticks), and the money flow is bearish.
With the annual Santa Claus rally quickly approaching, technology stocks are where traders want to look for long entries, not short trades IMO.