SWRBF trade ideas

TRADER-WANNA-BE Updated 

ENTRY: 35.2 TP: 33.3-34.5 SL: 36.1 - ADX>20 today (30 Oct 2020) - RSI<30 today (30 Oct 2020) - MAs are aligned - Good volume today on drop

EWFcw

Swire Pacific A ( 0019 - HK) is in 3rd of 5th wave down having huge volume, which is driving it towards new low as shown in chart.

cryptofuel8 Updated 

Once the virus is tamed expect China to inflate markets with financial stimulation. Going down before a huge bull bounce......

WellTrainedMonkey

Swire Pacific is the holding company for a HK property developer, Cathay Pacific the airline and Swire Offshore amongst other things. Since its last results announcement, HK property prices, the Chinese economy and oil prices have all cratered. Not exactly a rosy picture for the grand old Hong. Price action is potentially completing a Gartley pattern into a...