Chinese Property Equities Bubble Crash?
Updated
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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