GEELY AUTO- A POTENTIAL LONG TERM RETRACEMENT BUY
Geely recently has made debuts on the international stage through its higher end LYNK and Co brand which it has a 50% stake in .
Other than being another competitive auto maker in the already competitive Chinese automotive market, I think that Geely had the potential to rise up in its Local and International Market share. Being relatively unknown in the international arena, it only gives it more room to grow as it targets the average car consumer market. Who cares about the coolness, we are just buying a part of the company.
More importantly, the charts show a potential breakout which makes the retrace a super low risk high reward scenario. ;))
Other than being another competitive auto maker in the already competitive Chinese automotive market, I think that Geely had the potential to rise up in its Local and International Market share. Being relatively unknown in the international arena, it only gives it more room to grow as it targets the average car consumer market. Who cares about the coolness, we are just buying a part of the company.
More importantly, the charts show a potential breakout which makes the retrace a super low risk high reward scenario. ;))