The Long Investor
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HSI
🕑 Added 2025-02-04 11:22:09 +0000 UTCThe HSI is now back above the 200 WMA after today's session.
The price has only been above the 200 WMA once since July 2021 and that was in Sept '24 but the price did not hold above this MA on the retest of this level.
So right now this MA is at 20575, we want to see the price action stay above this level and I believe we get a run to the top of the 2 year range at the blue line at 22710 next.
Above this blue line and Wave 3 is confirmed for me.
I really like the set up here, as I have for the last 2 years.
Likely all boats (Chinese ADRs) will rise together if Wave 3 is confirmed for the HSI.
