HSI
Added 2024-04-25 10:17:53 +0000 UTCAnother strong day today and it appears that US weakness is almost fueling this run.
HSI managed to peak its head above the 200 Day MA today , for the first time since July ‘23….a far cry from where this was in Jan ‘24 when I called the bottom.
We won’t be doing any lap of honours until the 200 DAY MA is flipped to support, only then is the trend confirmed to have reversed.
I am still not ruling out a small pull back first before breaking out too.
$BABA is also on the cusp of breaking out today and so is $YINN, $FUTU has already broken out but we need to see a retest of the wedge.
$JD, $BIDU and $NIO still have some work to do but I believe they will follow each other as they are correlating strongly right now.
$BABA I would like to add to first when it breaks out and holds support, $FUTU retesting would attract me to starting a position there.
Comments
Following on Baba, my largest position now of my stock-only portfolio.
Federico Salerno
2024-04-25 11:10:27 +0000 UTC
