BE GREEDY WHEN OTHERS ARE FEARFUL!!!! LIVE LONG EVERGRANDE...
As traders or investors, we are supposed to make our own research, don't believe anything that everyone says.
Evergrande was a hot discussion at the end of the quarter last year due to its failure to pay its debt. And as the second real estate developer in China, the negative effect was catastrophic throughout the entire world. The media never stop reporting the collapse of Evergrande and china's economic downfall. Most Chinese stocks were dumped hard even the Chinese blue-chip stocks couldn't avoid the effect.
But based on my analysis on the chart, the buyers are back and starting buying the dip. (MACD& RSI look bullish )
But it's a very risky trade or investment, and there is no turning back!!!
Invest only what you can afford to lose!!!!
however, if it pulls off, greater rewards will come
start with a small position first until the uptrend is made
**Not financial advice**
Evergrande was a hot discussion at the end of the quarter last year due to its failure to pay its debt. And as the second real estate developer in China, the negative effect was catastrophic throughout the entire world. The media never stop reporting the collapse of Evergrande and china's economic downfall. Most Chinese stocks were dumped hard even the Chinese blue-chip stocks couldn't avoid the effect.
But based on my analysis on the chart, the buyers are back and starting buying the dip. (MACD& RSI look bullish )
But it's a very risky trade or investment, and there is no turning back!!!
Invest only what you can afford to lose!!!!
however, if it pulls off, greater rewards will come
start with a small position first until the uptrend is made
**Not financial advice**