HSI
Added 2024-12-09 13:44:35 +0000 UTCJust like we saw with $NIO testing its 200 Day MA from below, the HSI tested its 50 Day MA from below today at 20,400....while already being above its 200 Day MA.
This has been a positive move now away from its standard 0.618 Fib support level
We can see during the session that it started slow but finished the session quite bullish which could set this up nicely for the week, especially if the market is impressed with the stimulus announcements.
All we need to see is a hold above the 50 Day MA and the trend can continue back up to the blue line for a higher high next.
