china rebound rally confirmed

$HSTECH(HSTECH)$  $CSI300(000300.SH)$  $FTSE China Bull 3X Shares(YINN)$  $HSI(HSI)$  pnf charts all confirmed that the rebound is legitimate. you can observe from the pnf charts that 3 green crosses are formed. hstech is the index that hst etf tracks.

previously i have mentioned that when a monthly candlestick chart showed more than 5 consecutive red candlesticks, the rebound will be massive. yinn is the leading indicator of hst, it made 6 consecutive months of red candlestick. 

hst target 0.61 to 0.65. hst has yet to show rebound confirmation but since it tracks hstech, it will catch up.

yinn target 23.2 to 27.7

short sellers have been trying to short china and the Chinese government is buying up. chinese stocks slide together with oversold us market on profit taking. this pullback is healthy as prices will normalize. when a bull market commence, the rally can last for at least 4 years or more. the fed signaled the end of rate hikes and it would most likely cut interest rates this year end. hence it would be wise to take a position in the market as the market dips to ride the bull market wave.

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci beaucoup@TigerStars for the gift

merci beaucoup@TigerWire for topics

merci beaucoup@Asphen for sharing

merci beaucoup@koolgal for tagging