1727:HKEX - HEBEI CONSTRUCTION - 350% run since March lows

Sep 11, 2020

Hebei Construction is a Chinese company heavily involved in building construction and infrastructure projects across residential, public, industrial, and commercial buildings; as well as in specialised construction areas such as electrical and mechanical installation and steel structure. The company operates through two segments: Construction Contracting and Others. The Construction Contracting segment provides general contractor services for building construction projects and infrastructure construction projects. The Others segment provides property development, property management, and other services. Nice and steady progress. I'm trying to be a bit more disciplined and buy at better value areas so I have set an alert for when the RSI crosses back through 70. Im also greedy, so have an alert if it goes up another couple of percent and might rethink about an entry. Either way, worth a look.

(Description source: Trading View)

Sep 22, 2020

Note

Wow, big 50% drop. I managed to lock in some profit at the top of the trade, but I've decided to take a small punt at the bottom now as well at $11.10 and hope it was an oversold situation. Have a very tight stop if it continues down.

Sep 29, 2020

Note

40% move off the bottom so far.