The F&B sector in the HK stock market is doing very well, such as Meituan (3690) and Yum China (9987) as China has very good control of COVID-19, and people and returning to their normal lifestyle.
This stock has a 38% growth within the last 10 days, therefore I assume there would be a better entry price after the retracement.
This is a hotpot business and expected to have more people to have hotpot during winter, I assume this F&B is relatively popular based on the seasonal trend with this VCP pattern.
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Going a bit sideways now and seems like building ground at $14.76. Still profitable at this point even after this retracement but I will keep my eye on this closely.
Trade closed: target reached
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Took Profit 1:2
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reached $18.30 with over 20% profit within a month.