We said a bounce would come this week as the price was consistently holding above the bullish channel and above the green line and this is what we got today.
HSI continues to show a reversal and positive movement in an impulse manner.
The 200 Day MA is the big one above at 17590.....a break and hold above this level confirms the reversal and this will be very bullish for the HSI and Chinese ADRs.
We will continue to watch this to guide us.
Vojtěch Šimeček
2024-03-21 15:17:26 +0000 UTC