Already suffering under the curse of the HK protests, Airline stocks are heading south and now with the Coronavirus and being banned from outbound tours, we are of the opinion that we will see more dark days ahead for Cathay Pacific, among the other airline stocks. Currently, it is settling at 9.58 , may rebound a little and likely to go further south. So long...
Tell me what you think !!! Increased volume on the low.
Analysis of 0293.HK 1) Uptrend with increasing volume trade 2) Probably in Stage 2, 50 average line above 200 days 3) Low risk entry point (potential 9% profit underlying 4% loss) 4) The sector of shipping company is leading the market such as OOCL 0316.HK
Symmetrical triangle formation hints a break to the upside after strong bullish momentum is confirmed by the Directional movement index. Furthermore, the breakout of the consolidation/ascending triangle confirms the bullish rally. Expect some short-term correction upon breaking the immediate resistance zone at 7.04-7.15. Buy limit at 6.86.
Hi Everybody #293 up-break recent resistance, aims for the RED LINES, and STOPS if closes below the RED LINE.
Record breaking lost with no full recovery in sight ?Appears to have reversed on the monhtly, week and daily chart. Perhaps Vaccines passport will be the next play for this recovery. lets not forget how many people need to travel when there's some form of normality in-spite of potential hikes in everything
293 Breakout of triangle and 200 ema, air travel recovery play stop loss: slightly below 200 ema TP: around 7.9 high reward/risk bet
Like SIA in Singapore, the government of HK too has extended a helping hand to bail out its national carrier, Cathay Pacific. Read article here . For the speculative traders, they might want to take a short term buy trade tomorrow when the Cathay Pacific Airways shares resume trading.
Routes cut down till march.... Surely the people traffic will lag till after may when the weather warms up. This is a market pump with no fundamentals. Up and then most like back down... Love the volatility. Bouncing like a plane taking off in turbulence. Disclosure, this is not investment advice. I have a small open short position at the time of posting.
1000 day MA is the resistance zone. Earnings for Cathay will be smashed with protest issue and material drop of passenger/visitors travelling via Hong Kong. This stock will head back down as we head towards earnings season. This is not meant to be advice and is for education purposes only.
Living in Hong Kong, I am seeing the protests re-emerge literally outside my flat. I do believe this will have a continued impact on tourism here in the S.A.R.; notably from Mainland Chinese. HK Tourism I believe the move which began on 8 OCT is a result of the "Phase 1 of the Trade Deal." ( same day as Trump started it ). While I believe greater "USA...
Expect further retracement down to HKD$7