Transportation - Marine Shipping; Strong Sector, Stronger 3877
1) Noticed that many stocks in this particular sector have been setting up quite nicely in both the HK and US equity markets.
2) In particular to the HK Market, things are starting to look better with some equities entering accumulation phases. The HSI also looks to finally start a new uptrend with higher lows formed.
3) SEHK: 3877 is setting up quite nicely with the initial shakeout mid march of 2022. Volume is starting to increase - clear signs of accumulation.
4) Price has now traded in a tight range between ($1.29, $1.34) - a Darvas box! Although overhead supply is right at $1.37, I do believe we might have enough fuel to punch through.
5) Call me ambitious but TP is at previous ATH of $1.76 - making this a risk to reward of about 1:4.
2) In particular to the HK Market, things are starting to look better with some equities entering accumulation phases. The HSI also looks to finally start a new uptrend with higher lows formed.
3) SEHK: 3877 is setting up quite nicely with the initial shakeout mid march of 2022. Volume is starting to increase - clear signs of accumulation.
4) Price has now traded in a tight range between ($1.29, $1.34) - a Darvas box! Although overhead supply is right at $1.37, I do believe we might have enough fuel to punch through.
5) Call me ambitious but TP is at previous ATH of $1.76 - making this a risk to reward of about 1:4.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。