$YINN
Added 2024-09-26 11:31:43 +0000 UTC$YINN's pull back yesterday was slightly different to the HSI pull back during intraday movement, $YINN pulled back over -10% at one stage and we can see that the pull back went as low as the 0.236 Fib and held, this was still a shallow pull back for a subwave 4, nevertheless it was enough.
Price is up +17% now in the PM, so we must conclude that this is in Wave 5 now and $38 is the target.
Extraordinary movement here, considering this was at $19 on the 10th of Sept and $35 now in the PM.
Many members bought this, you can not beat yourself up for not buying, this follows the HSI and the chart was clear
The question you need to ask yourself is, why did you not buy?....instead of beating yourself up about missing this.
$YINN will need to pull back after Wave 5 but remember, this is tracking the market, if this is the start of the Chinese Bull Run, you effectively bought at the bottom in a 3 X leveraged position, yes trimming makes sense at Wave 5 but doing nothing here and just holding for as long as possible makes a lot of sense....this was once at 1369!!!!
Comments
My average for Yinn is about $28. I am tempted to take some profit if this reaches $40 but at the same time I want to just hold for the long term as I believe China will vastly outperform the US market in the coming years
NR15
2024-09-26 14:22:52 +0000 UTC
