Callyflakes

HKEX:2331 Li Ning set to bounce

Long
HKEX:2331   LI NING CO LTD
Li Ning HKEX:2331 has been dependable in recent months. Sitting within a tight weekly regression trend channel, it has just pulled back and hit 20 EMA which it seems to more or less respect. It is also moving with the industry-wide uptrend.
My guess is that it will bounce 10% within 30 days. Target exit at 55.50.

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