Technology Bear $TECS Stock Chart Analysis

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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 MACD gave a buy signal last week but the stock is still in a downtrend channel, 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.

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