HSI
Added 2024-04-15 09:12:04 +0000 UTCHSI is moving within a tight channel here but the channel is also within the 50 Day MA and the 200 Day MA from above.
Here we will start to see the two moving averages merge with each other as long as the price action stays in the centre.
When moving averages merge like this, a direction by the price must be taken when they meet or beforehand.
We want to see a break to the upside but for now, a sideways move can continue until earnings are released.
Comments
Looks like HSI has lost the 50 and this channel as well.
Simpson
2024-04-16 07:34:02 +0000 UTC
