China Tourism Group Duty Free breaks out of bearish trend
It has to break out of the resistance level at 234.30 before it can rally higher. Note that this is a fairly strong resistance level as it has been resisted several times.
Also, there is a possibility that it might retrace to close the gap around 203 to 209 before going higher.
Please DYODD
Also, there is a possibility that it might retrace to close the gap around 203 to 209 before going higher.
Please DYODD
Comment:
www.globaltimes.cn/p...202207/1269678.shtml
Comment:
it looks like it will close the gap at 204.32 first
Comment:
nibble some last night. If the China border is going to open, then this stock should fly , haha
Comment:
www.globaltimes.cn/p...202212/1281601.shtml
Buying more of this stock in anticipation of the huge demand in outbound travel next year !!!
Buying more of this stock in anticipation of the huge demand in outbound travel next year !!!
Comment:
The biggest beneficiary should be the tourism sector with the China reopening its borders especially the outbound travel. Revenge shopping will be the norm this year as families make plans to catch up and pent up for not taking holidays for the last 3 years.