The Long Investor

HSI

Added 2024-08-19 11:20:16 +0000 UTC

Good start to the week for the HSI, which is a continuation of last weeks impressive hold and bounce on its 0.618 Fib and green historical support line.

Price is now back above the 200 Day MA and the 0.5 Fib and we can see that the price went above the 50 Day MA today but finished the day just at the level at 17569

I like how the bounce has moved so far as we lead into earnings from $BIDU

A V shape bounce is forming here but as always, we want to see a retest to a higher support level on a pull back and right now the 200 day MA is looking ideal

But let's wait for the pull back to start before adding in the Fib support levels.....which I suspect will align with the moving averages as normal.