This stock has plunged so low that it is almost impossible to go even lower already ! With the restaurants business reopening in main Tier 1 cities like Shanghai and Beijing, I expect the returns of the customers to boost its revenue greatly.
Plan to nibble some later.
Slightly risky play hence small position should suffice.
HSI + Futures are seem to have found bottom here, good position for breakout play, nice risk to reward ratio too.
The weather has been raining for the past few days here in SG and we were told that this pattern might continue ........
And to many Chinese, they love to eat steamboat ! And one popular restaurant serving steamboat that offers excellent customer service and wide variety of food is Haidilao. If you have been to any of their outlets here , it is not surprising to...
In the first half of 2021, Haidilao's revenue increased by 105.9% year-on-year, and its net profit turned from loss to profit.
According to the interim performance report of 2021:
- The operating revenue was CNY 20.094 billion (up 105.9% year-on-year).
- The net profit was CNY 96.5 million, compared with a net loss of 965 million yuan in the same period last...
With the China economy reporting better trade figures and vaccines being distributed very quickly, I am confident the restaurants businesses will return to its pre-pandemic level soon.
This stock has dropped 40+% from the peak and I am accumulating more of it. The founder is a strategic businessman, leveraging on the property prices falling during the Covid-19...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Predictable uptrend and had a good time holding longs. However, I would cash out once the price reaches 41.15(or 1.5% lower from that level.) I would definitely short if this hit 41.15, but at this moment, I am holding longs and waiting for this to make ATH.
In Daily chart , it breaks out the previous downtrend channel . Now, go to 30m chart, I am looking for triggers.
If 30m 8/34 EMA crosses up, I will long Haidilao. My stop will be the previous low 33.4
In Daily chart, it breaks out the previous downtrend channel. Now, go to 30m chart, I am looking for triggers.
If 30 8/34 EMA crosses up, I will long Haidilao. My stop will be the previous low 33.4
So when I look at this in a daily chart, I think its obviously ina downtrend that is awaiting for future drops. however, when zoomed in to hourly, a clear oversold situation have been presented by chart, which suggests a possible short-term upside. So I am awaitng a climb, and see if the negative resisitance line could be broken or not. If so, long. Else,...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
China Haidilao has been in Up mood during recent weeks .
I am in Bearish bias as long as the resistance zone is holding . I forsee 32-33 $ will be reach sooner or later
Let the bull take a rest
