$YINN
Added 2024-05-08 12:14:23 +0000 UTC$YINN is another popular chart amongst our members and also strictly following the HSI and the Chinese ADRs we follow regularly.
Price is also pulling back and likely to test the 200 Day MA today at $24.30, which is just above the 0.38 Fib, we can also see that the 0.618 Fib is at $21.52 which is also the top of the channel the price action broke out of and jumped very aggressively, making this a strong support confluence level, the 50 Day MA is also moving up to this level too.
So a pull back to this level and hold, then you have your buy signal.
This has all been very straight forward so far.
