Another 2% gain day today and the price action has burst through the 200 Day MA and the 17300 level as if the resistance level was not there.
I have added in the impulse waves now as the pull back for Wave 2 was standard and we have broken above important levels.
What I would like to see is a retest of the 200 Day Ma from above to confirm that this level is now a support level and that would be very bullish for the market and Chinese ADRs
Nicely done here by HSI and now up +3 YTD.
Gareth Neary
2024-04-26 10:35:39 +0000 UTCPierre penasa
2024-04-26 10:33:27 +0000 UTC