Taking a bigger step back and see the whole picture now
Now, when we analyse the same stock from a longer time frame, suddenly the long spike up does not look as scary anymore.
Upon closer examination, one can see clearly that the price has been range bound since Nov 2021 which was the covid period. Haidilao famous for its restaurants hotpot was badly hit since people are stucked at home.
Fast forward to today...........if you have missed the boat at the bottom price point of 11.48, does it really matter ? I would argue that the margin of safety is better once it has rallied and breaks above the resistance at 23.40. Remember, it is not the guy who spotted the lowest price and win the game but the one who is able to catch the trend and ride with it.
Next profit target 30 then 50......how long will it takes ? I dunno, meanwhile I am enjoying my hotpot and see the restaurant full house and enjoying my 7% dividends while waiting for a bonus capital appreciation.....haha
Upon closer examination, one can see clearly that the price has been range bound since Nov 2021 which was the covid period. Haidilao famous for its restaurants hotpot was badly hit since people are stucked at home.
Fast forward to today...........if you have missed the boat at the bottom price point of 11.48, does it really matter ? I would argue that the margin of safety is better once it has rallied and breaks above the resistance at 23.40. Remember, it is not the guy who spotted the lowest price and win the game but the one who is able to catch the trend and ride with it.
Next profit target 30 then 50......how long will it takes ? I dunno, meanwhile I am enjoying my hotpot and see the restaurant full house and enjoying my 7% dividends while waiting for a bonus capital appreciation.....haha
Note
Consolidation since 2022, no wonder many investors are staying away from China stocks and moving their money to US markets where chances of making money is higher.........Note
Let's hope that when 2025 Chinese New Year comes, more families will either be dining or ordering takeaway from HDL, giving it a boost to its revenue base. Come on everyone, time to spend more , haha
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.