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r/wallstreetbets
$HKD - Weekly chart is wound crazy tight and chinese stocks are blowing up left and right
Investor summaryBullish
Bullish on $HKD citing tight weekly chart and Chinese stock momentum, referencing its historic volatility.
Bull points
- Technical setup shows a tight consolidation on the weekly chart, suggesting potential for a breakout.
- Broader momentum in Chinese equities is providing a favorable tailwind for related stocks.
- Historical precedent of extreme volatility offers high reward potential for speculative traders.
Bear points
- The asset is characterized as a 'shit stock' with extreme historical drawdowns, indicating fundamental weakness.
- Reliance on meme-driven momentum rather than business fundamentals creates high risk of sudden collapse.
- Past performance of a 99%+ drop suggests the current rally may be a speculative trap rather than sustainable growth.
HKD逼空 / Meme
Post body
The king of all chinese shit stocks, the legendary $9-$2,500 run. It it time again
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