HSI
Added 2024-05-10 04:27:51 +0000 UTCHSI has now made a higher high, after a very slight pull back, this bounce from the 0.5 Fib to complete Wave 2 is now very aggressive and would be out of place if it wasn't in Wave 3, this may continue higher to the 1.618 Fib to complete Wave 3 before any meaningful pull back now.
This may also pull the rest of the Chinese ADRs up now with it.
Biden in an attempt to deflect attention away from the middle east, has threatened to impose tariffs of Chinese EV makers to the the US , we will see how the Chinese EVs react to this news later but only BYD is really selling in the US right now.
Comments
So do you expect the pullback of chinese ADRs to be over? Will that push you to make other buys into your positions?
Mehdi
2024-05-10 06:00:11 +0000 UTC
