Manlai

857.hk long on macro view

Long
Manlai Updated   
HKEX:857   PETROCHINA CO
am betting on 857 long due to Brent price firming up on supports good for up stream biz; also regardless in HSI or ASX or NYSE energy is on rotation appears to be the go in short term. for now i will likely exit position before end of 1st week mid term election. i am not putting up a graph on 883 but likewise.
Comment:
Interesting to see articles supporting short term oil price bullish view and some saying medium term concern on impact from trade war. I take the same view therefore my plan is only swing it up to until the mid term election. With Brent and WTI surged over the last 48 hours let’s see how these two stocks reacts. Anyway my plan is don’t chase if I am too conservative on my GTD order. There are plenty of opportunities out there
Comment:
Both WBS and BRN oil continue to trend up but I didn't see a good opportunity to enter either 857.hk or 883.hk. hype off 386.hk a good correction also on these two stocks today the first date energy section dropped more than HSI. expect these two will go with HSI drop further in coming days. Watch the space!
Trade closed manually
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.