Short 388.HK
Just want to share my view on 
700.
I am expecting an upcoming long term bear of of Hong Kong stock market.700 as an important constitute of the HSI is highly correlated to it. Investors are getting more aware of its overvaluation. I have put bets onto the bear.
It is possible for the stock to form a head and shoulders pattern before it further drops to what is fair price, that is at around HKD$255.
700.I am expecting an upcoming long term bear of of Hong Kong stock market.
700 as an important constitute of the HSI is highly correlated to it. Investors are getting more aware of its overvaluation. I have put bets onto the bear.It is possible for the stock to form a head and shoulders pattern before it further drops to what is fair price, that is at around HKD$255.
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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.