Chinese Property Equities Bubble Crash?
Well, it has already popped. Evergrande is down 90%+ and Country Garden is almost down 60% from 2018 highs and testing 7.36 support.
A simple 1:1 extension of the 2018 drop would mean sub-14HKD prices are not too far away... watch for a break of local support at 19.20 for another 30% drop.
A simple 1:1 extension of the 2018 drop would mean sub-14HKD prices are not too far away... watch for a break of local support at 19.20 for another 30% drop.
Trade closed: target reached
Target hit 13.75
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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.