HSI
Added 2024-06-05 13:14:11 +0000 UTCHSI started the day strong and finished flat at the close, we can see clearly on the chart that the trend is starting to develop, pushing higher each day and most importantly staying above the 0.38 Fib as a support level.
This is an exchange, so you can not expect more than +/-1.5 % movements each day.
The 50 Day MA continues to push on higher too and very close to the 0.5 Fib level now too, so if the 0.38 Fib does not hold, the 0.5 Fib and the 50 Day MA will likely be a confluence level.
Onwards for another day.
