raysontan

3333Evergrande Recovery Setup - The Trade of 2021

Long
HKEX:3333   CHINA EVERGRANDE GROUP
stops below 11-year-lows , targeting Full Recovery. Accumulate within reason, probably the trade of 2021

Thought Process :
1. Major Fear Stage in the markets, Rapid Imbalance Recovery needed to regulate market cycles. (people crying all over headlines, great time to accumulate)
2. Fundamentals intact (employee data, earnings data etc.)
3. Very Probable bailout, chances of Evergrande going bankrupt are neutral for now
4. Major Demand Accumulation Zone for smart money