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ATHM

#ATH /USDT – at Golden Zone: Massive Rebound or Deep Breakdown#ATH The price is moving in a descending channel on the 1-hour timeframe and is expected to break out and continue upwards. We have a trend to stabilize above the 100-period moving average again. We have a downtrend on the RSI indicator, which supports an upward move if it breaks above it. We have a key support zone in green that pushed the price higher at 0.02400. Entry price: 0.02650 First target: 0.02752 Second target: 0.02860 Third target: 0.03018 For risk management, don't forget your stop-loss and money management. The stop-loss is below the support zone in green. Upon reaching the first target, take some profit and then change your stop-loss order to an entry order. For any questions, please comment. Thank you.
Long
by CryptoAnalystSignal
Long ATHM/Autohome This current setup indicates good value on decent fundamentals with a strong technical support line at 65USD. Business Fundamentals -Majority owned by Chinese Insurance Giant, Ping An Group -Part of HangSang Tech index (30 selected tech firms) -Dual-listed on HKSE & NYSE, interchangeable 1ADR to 4 HK listed shares (removes delisting fears) -Stable & consistent High Margins business over 10 yr period (88% gross margins, Net Margins of 39%, FCF to Sales % of 35%) -In a much better position (Financially & Operating business margins) as compared to other listed rivals UXIN & CANG (lower margins & UXIN is heavy in debt) Valuation -Cash of 19USD per share with no debt -Generates 4.3 USD EPS / 4 USD FCF per share -EPS Growth projected at 11% CAGR for next 3 years -At 63USD that is a 10 P/E ex-cash or a 15 P/E -For context, it usually trades at an average Price to operating earnings of 22 (based on 5yrs avg). Highs at 51x P/E with lows at 15x P/E. -If it reverts to the mean valuation of 22x P/E by 2023, we can expect a 116% ROI and a 35% annualized return from now(July 2021) to 2023 Technicals -Seems to have a strong resistance/support line at 65USD, which have been tested and bounced off many times (Oct 2018 & March 2020) -At a price of 65USD & below, seems like a good entry point
NYSE:ATHMLong
by FIRE_CAPITAL_SG