HSI
Added 2024-06-13 09:36:21 +0000 UTCHSI tested the 0.5 Fib and 50 Day MA and found support and bounced, good start but now we need to see a continuation of this over the next few sessions, a further bounce tomorrow would set up nicely going into next week.
$BABA has opened weak in the PM, likely due to the close out of the EX-dividend date yesterday but again, the HSI will likely drive $BABA's direction, so a lot rests on the HSI reversing.
My plan for $BABA and $BIDU will be to slowly add under their 200 Day MA's and I am not selling a single share while their fundamentals remain undervalued, you can follow this with me or not but this is my strategy and I have no issue with it taking as long as it takes, especially while my other holdings are profitable.
