3333Evergrande Recovery Setup - The Trade of 2021
stops below 11-year-lows , targeting Full Recovery. Accumulate within reason, probably the trade of 2021
Thought Process :
1. Major Fear Stage in the markets, Rapid Imbalance Recovery needed to regulate market cycles. (people crying all over headlines, great time to accumulate)
2. Fundamentals intact (employee data, earnings data etc.)
3. Very Probable bailout, chances of Evergrande going bankrupt are neutral for now
4. Major Demand Accumulation Zone for smart money
Thought Process :
1. Major Fear Stage in the markets, Rapid Imbalance Recovery needed to regulate market cycles. (people crying all over headlines, great time to accumulate)
2. Fundamentals intact (employee data, earnings data etc.)
3. Very Probable bailout, chances of Evergrande going bankrupt are neutral for now
4. Major Demand Accumulation Zone for smart money
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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.
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.