Monday, November 25th, 2024
Hong Kong stocksMarket Updates

China Feihe

106
Views
Share on Facebook
Share on Twitter
  • Technical Analysis: The report identifies China Feihe Ltd as a “technical buy,” suggesting that the stock is bottoming out and may start a new uptrend. Key technical indicators include:
    • Breakout of Falling Wedge: The stock has broken out of a falling wedge pattern, which, along with rising volume, indicates strong bullish interest.
    • Double Bottom Reversal: The stock confirmed a double bottom reversal after surpassing the HK$3.89 resistance level, now acting as support.
    • Positive Momentum Indicators: Indicators such as the MACD histogram, Stochastic Oscillator, and 23-period ROC have turned positive, reinforcing the bullish outlook.
  • Price Targets: The report sets several target prices for China Feihe, with the first target at HK$4.48, followed by potential targets of HK$5.00, HK$6.28, and HK$8.14, indicating substantial upside potential.
  • Company Overview: China Feihe Ltd is a dairy company that specializes in the production and sale of infant milk formula. It operates both in traditional markets and via e-commerce platforms, positioning itself strongly in the Chinese market.Thank you

Related Posts

Hong Kong stocksMarket Updates

Construction Sector in China
Minichart
September 16, 2024

Construction Sector in China Recommendation: MARKET WEIGHT Top Pick: China State Construction Engineering Corporation (CSCEC) (601668 CH) CSCEC Share Price: Rmb4.77 Target Price: Rmb6.09 Upside: +27.7% China’s construction sector continues to struggle amid weak...

Market Updates

Baidu Advances AI with Cloud Upgrades and Expands GenAI Integration for Future Growth
minichart
September 26, 2024

Date: 27th September 2024Broker: UOB Kay Hian Company Overview Baidu Inc is a leading internet technology company in China, primarily known for its search engine services. It is also a key player in artificial...

Bursa KLSE stocksMarket Updates

CIMB Group and F&N Holdings: Malaysian Giants Navigate Economic Challenges and Growth Opportunities
minichart
November 7, 2024

UOB Kay Hian Malaysia Daily: Comprehensive Analysis of CIMB Group and Fraser & Neave Holdings November 7, 2024 UOB Kay Hian CIMB Group (CIMB MK) Overview CIMB Group, Malaysia’s largest investment bank and the...