短炒港股 Watchlist - June 7, 2022 (Patreon)

Hong Kong in the past couple months has been a good market to trade. A lot of negatives have already been priced in the market.

• On the technical side, many stocks have fallen a lot in the past year and are starting to form bottoms and/or breaking out of downtrends.
• On the structural side, China is at the beginning of monetary expansion cycle, loosening on tech restrictions & boosting infrastructure spending (fiscal). 
• On sentiment, in the medium term, perhaps the worst is behind us in terms of crackdown on tech giants and city wide covid lockdown. 
• On positioning, as mentioned in the past few updates. Overseas funds were underweight China stocks, especially tech. 

Below are HK stocks I am monitoring. Some are getting close to break out levels, some recently broke out and others have broken out and are included for reference so you can see how they look and what sectors moved first. 

Note, this is not a shopping list, it is for monitoring and waiting a proper set up and entry point. My trading time frame for them are one day to couple weeks.

316: was on watchlist couple weeks ago. Note index event this Friday where it will be included into Hang Seng index. Took profit, not going to chase

1138: another shipper name. Maybe the only oil/nat gas marine shipping play in HK. Mentioned the breakout on Discord last week. Been taking profit on the way up, still have a little. 

1385: good chart. But liquidity is not great

3690: Big tech starting to recover?

9988: about to break out of downtrend

1024: second tier tech stock. Good volume in past few days

2013: a second (or third) tier tech stock. Famous back in 2020. Has it made a bottom? March 31's volume was due to month end & index rebalance. 

9926: Biotech (growth stock)

9626: earning report on Thursday

2333: have mentioned on my weekly HK updates market rumor of auto stimulus. It is finally materializing and stock is up 40%. Hard to chase now

1211: another auto stock I traded when it broke above 244. Hard to chase now

3669: auto dealer

558: mentioned on last weeks' update. EV-related play

388: Looks ready for a move on the chart. But the company hit with negative news these two days. Increasing chance of failure.

772: another smaller tech stock. At break out level

Disclaimer: The content of this post is solely for information purpose and do not constitute investment advice

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