Manlai
Long

857.hk long on macro view

HKEX:857   PETROCHINA
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.
Sep 25
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
Oct 04
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!
Oct 13
Trade closed manually
worth to note some institutes upgraded their target on 883 and 857 on 12/11 OCT. interesting. my view has been changed from long to neutral. there was no rig down on cyclone michael, opec ramp up production quicker than expected. inventory up. global growth slow down revised by IMF, etc. the odd is coming down to long. yes global tension can change quickly from financial to social, and going to political; however keeping cash appears to be a good option until the odds add up.
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