$YINN
Added 2024-07-22 12:44:38 +0000 UTC$YINN is up +5.6% now in the PM, we can see that the 200 Day MA was under threat at the end of last week but a dip below is not confirmation that the level is lost and now the price is firmly back up above the 200 Day MA in the PM now.
The HSI finished up 1.25% today after Rate Cuts were announced by the Central bank, this is a stimulus measure and something the Fed would like to be in a position to do but is still concerned about inflation rebounding, China does not have this issue.
Investors are still expecting more stimulus measures.
I would like to see $YINN get above its 50 Day and this would get the price out of this risky area between Fib levels and the 200 Day MA but we need to see a continuation of todays performance this week.
