Hong Kong Paper Billionaires - Part 2

In the Bloomberg news article dated on 18 April 2017, it shared some shares of all the paper billionaires' companies have traded between 5 and 335 times their respective book values. Hong Kong companies ranged between 1 and 1.3 last year.

One of the stocks listed above, Goldin Financial Holdings Ltd. (HKSE - 0530.HK) owned by Pan Sutong, who was formerly the 4th richest person in Asia, according to the Bloomberg Billionaires Index. His companies was issued with the SFC's warning in 2015.

Here is a look at the daily chart of Goldin Financial Holdings Ltd showing the rally before the massive crash in May 2015. 

(Note : The dates highlighted on the chart below has some typo error. It should be 20 and 21 May 2015 instead of 2016)

Another view on daily chart of Goldin Financial Holdings Ltd. showing the some best entry level based on S-Trader system before the strong rally.

On 15 Sept 2014, the price broke out its sideway with relatively high volume - 6,462,320 traded. It rallied to high of HKD6.71 on 24 Sept before it pullback and traded sideway until Dec.

The other best entry level occurred on 15 Dec 2014. The price broke out ranging market with relatively high volume on that day - 5,806,743 traded.

Throughout this period, S-Trader Trend Tracker held steadily and was only tested once on 7 Nov 2014 but did not break below it.

 
Source :
1) www.bloomberg.com (A 9,800% Stock Increase Exposes Hong Kong's Billionaires on Paper)
2) Metastock