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A quick look at the RSI indicator shows it has went below the 30 mark and like Aug 2015 period, it did not immediately rally but bottomed 6 months later in Feb 2016 where we witnessed an over 80% rally.
If you wish to take a long position, make sure it is for the long haul as we still have ongoing Covid cases in China (read here ), ongoing negotiations between Ukraine and Russia, forthcoming Fed's interest rates hike ,etc.
So, it could be quite volatile down the road. Tighten the seat belt and enjoy the roller coaster ride !
A quick look at the RSI indicator shows it has went below the 30 mark and like Aug 2015 period, it did not immediately rally but bottomed 6 months later in Feb 2016 where we witnessed an over 80% rally.
If you wish to take a long position, make sure it is for the long haul as we still have ongoing Covid cases in China (read here ), ongoing negotiations between Ukraine and Russia, forthcoming Fed's interest rates hike ,etc.
So, it could be quite volatile down the road. Tighten the seat belt and enjoy the roller coaster ride !
Nota
going to add in tranches this week on HSINota
Praise God! Congrats to those who followed.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.