HSI
Added 2024-07-12 11:29:05 +0000 UTCNice sight to wake up to and good finish to end the week.
Over the last 2 sessions, HSI has rose 4.6% which is a significant jump and most importantly, it happened after finding support on the 0.618 Fib and above the 200 Day MA.
Price bounced to finish the week just testing the 50 Day MA.
So we have our higher high now but not our higher low just yet, this may come before the 50 Day MA or after it, we will need to see how next week opens for this.
Big Week next week as the Chinese hold the Third Plenum in China where a massive stimulus could be announced during the event.
Any positive development next week from the Plenum and the 50 Day MA should not hold and we will get a continuation higher for Wave 5 and the Chinese stocks we follow closely should respond positively too.
Again, well done to everyone who has been holding and sticking with this, our hedge is now starting to show its worth.
