MTR Corp heading for renewed sell-off

Continued downside pressure is heading for more sell-off based on the technicals indicated although the stock had a strong rebound in late March 2020:
1. The stock upside rebound was capped at the resistance turned support level at 42.55 and forming a bearish engulfing candle.
2. The bearish engulfing rejects the 50% simple moving average and closes below the 61.8% of the Fibonacci level from 45.85-37.95.
3. Death cross is still valid as prices has been trending below the 200 and 50 Simple moving average.
4. Stochastic shows oversold bearish cross over above the 80 oversold zone.