TradingView
flyinkiwi10
Sep 15, 2021 2:34 AM

Chinese Property Equities Bubble Crash? Short

CHINA VANKE CO. LTDHKEX

Description

Well, it has already popped. Evergrande is down 90%+ and Country Garden is almost down 60% from 2018 highs and testing 7.36 support.

A simple 1:1 extension of the 2018 drop would mean sub-14HKD prices are not too far away... watch for a break of local support at 19.20 for another 30% drop.

Trade closed: target reached

Target hit 13.75
Comments
practicalAntel69263
I just bought China Vanke at HKD 18.80 after knowing that Blackrock also purchased it last month.
More