Comments: Looks like the HUI is trying to break out of the bullish wedge. However, it is still keeping below another falling short term downtrendline, which I marked on the above chart in light blue. If it can't get above that today or tomorrow, it could easily slide back into the wedge, creating a new wedge with the upper boundary delineated by the blue line. The moving average cross over is short term negative.
Sentiment: Cautious
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