HSI
Added 2024-04-23 10:46:46 +0000 UTCHSI is just 1% from turning green YTD after being down -12% in Mid Jan, since then it has moved in an impulse structure.
Many people believe this is moving slow but it is not, this is how one of the largest exchanges in the world moves.
Slow movers don't get attention as much as parabolic moves but that is never what we look for, we look for steady and moving in the right direction and that is what we are seeing here.
HSI is back above the 50 Day MA and in between both the 50 and 200 Day MA's now.....this is where both averages will start converging, when this happens a direction must be taken and we want to see the price action break to the upside.
Getting above the 200 Day MA is a significant trend reversal.
