The Long Investor
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HSI
🕑 Added 2025-02-06 12:08:27 +0000 UTCHSI continues to push above its 200 WMA in a very strong vote of confidence towards Chinese positions.
The breakout level is at 20585 and the price finished the day at the high of 20891.
This has also been a clean breakout from the bullish descending wedge too, next we are looking for a higher high above the Dec high at 21010 and this will further confirm the trend at least to the blue line at 22710.
A retest of the 200 WMA from above at some stage will signal a strong buy for Chinese ADRs once this level is held, something that has not been done since 2021, so this will be a significant bullish signal.
