HSI breakout: 21377 price target
HSI has broken out of the descending daily trend line, and also found support at the 200. day EMA.
With a potential bottom having formed, the first price target for the coming move up would be 21377 which price previously rejected twice from.
Beyond that, price can target 22686, then 25048 which is the top of the golden pocket, being the 0.65 retracement of the entire move down from ATHs.
With a potential bottom having formed, the first price target for the coming move up would be 21377 which price previously rejected twice from.
Beyond that, price can target 22686, then 25048 which is the top of the golden pocket, being the 0.65 retracement of the entire move down from ATHs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.