Traders & Investors!
Short, short, short.
Chinese viral outbreak fuels the technical fire Chinese equities sought in relation to it's recent selloff. We see this move as only the beginning of larger selloff toward $2,600. We have positioned ourselves accordingly and see SSE as the best vessel for this view. We have also coupled this view via additional put exposure in USDJPY.
Our view
- Coronavirus to fuel breakdown in Asian Equities as demand retracts and uncertainty remains. A protracted viral outbreak should provide support to the downside bias
- Weak and declining sector strength in China include financials, industrials and consumer discretionary
- Technical test of sellside liquidity and 61.8% retracement level. Impulsive conviction through the 200DMA and break of corrective wedge pattern should see this move extend materially lower.
- Circa +15.00% move on the cards to our sellside liquidity targets ~$2,600
We have added sellside exposure across both our macro and directional portfolios
-------------------------
We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform.
Like, subscribe and leave your comments below!
Until next time,
Portier Capital
Macro Strategy & Portfolio Management
Short, short, short.
Chinese viral outbreak fuels the technical fire Chinese equities sought in relation to it's recent selloff. We see this move as only the beginning of larger selloff toward $2,600. We have positioned ourselves accordingly and see SSE as the best vessel for this view. We have also coupled this view via additional put exposure in USDJPY.
Our view
- Coronavirus to fuel breakdown in Asian Equities as demand retracts and uncertainty remains. A protracted viral outbreak should provide support to the downside bias
- Weak and declining sector strength in China include financials, industrials and consumer discretionary
- Technical test of sellside liquidity and 61.8% retracement level. Impulsive conviction through the 200DMA and break of corrective wedge pattern should see this move extend materially lower.
- Circa +15.00% move on the cards to our sellside liquidity targets ~$2,600
We have added sellside exposure across both our macro and directional portfolios
-------------------------
We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform.
Like, subscribe and leave your comments below!
Until next time,
Portier Capital
Macro Strategy & Portfolio Management