HSI
Added 2024-03-14 09:51:36 +0000 UTCNice clean breakout through the channel and above the green historical support line now and it looks like we will get a retest shortly of this breakout area.
The price is above the 50 and 200 MA on the 1hr chart here, so a retest down to the green line, where the 50 MA is right now, is what I am looking for, possibly tomorrow or Monday.
I spoke yesterday about the need of a retest to confirm a support level, this fills the bulls up with confidence when a new higher support level is found.....especially when its a breakout above an important channel and above an historical support line.
So right now, we want to see support on the the 16670 line.
