Pacific Basin 2343:HK Possible entry opportunity
Uptrending since January with strong support at the 20 EMA.
The most recent dip is collateral damage arising from the China tech crackdown, which has seen the tide lower across the HSI. This represents an opportunity.
Additionally, huge supply and demand factors in the global shipping industry at play right now.
I expect a bounce off 2.82 if not before that. Speculative target 50% exit at 3.35 (~7 days). Laughing all the way to 3.50 (~15 days).
Do your own research.
The most recent dip is collateral damage arising from the China tech crackdown, which has seen the tide lower across the HSI. This represents an opportunity.
Additionally, huge supply and demand factors in the global shipping industry at play right now.
I expect a bounce off 2.82 if not before that. Speculative target 50% exit at 3.35 (~7 days). Laughing all the way to 3.50 (~15 days).
Do your own research.
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.