Almost identical to the $BABA chart
Price pulled back to in between the 0.618 Fib and 0.78 Fib and where did it find support yesterday?...the 200 Day MA.
Price is up +7% in the PM now reacting strong to a positive HSI movement today.
$YINN is volatile because it is a 3 X leveraged Bullish position
But if the HSI reverses here, this will also move very fast as we saw in Sept, when the price jumped from $18 to $60 in a few weeks.
Price Targets remain in place if the reversal starts shortly.
Vishail Singh
2024-11-28 01:47:05 +0000 UTC