Moutai on the way to retest 1800 key level
Kweichow Moutai is China's most valuable firm outside of the tech industry. It's like the barometer of the market. When Moutai is up, the broad Chinese index will very likely be up.
After Chinese New Year, Moutai has been down almost 30% and likely further drop to key level of 1800 where we get several reasons to buy, e.g. flip & demand zone.
The attractive price for me is 1500, though I don't know if market will give me the opportunity. With a robust 20%+ yoy growth and room to increase its price, I'm very bullish on Moutai.
After Chinese New Year, Moutai has been down almost 30% and likely further drop to key level of 1800 where we get several reasons to buy, e.g. flip & demand zone.
The attractive price for me is 1500, though I don't know if market will give me the opportunity. With a robust 20%+ yoy growth and room to increase its price, I'm very bullish on Moutai.
Comment:
Everybody is looking Moutai...It was between gain and loss, sort of weak. I can feel the hesitation of the market.
plan your trade and trade your plan
