Basing above 60 VMA in a flag pattern. Breakout should propel this to 52 easily and potentially 200
Chinese names are front runners of the next bull cycle IMO.
One could buy here with the tight S/L or wait for break and retest.
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 &...