Autohome LONGTriangle and volume profile shows us high probability of going up.
Accumulation is going to end soon
8AHA trade ideas
ATHM - Another failed breakdown pattern
Critical support at 27 was defended on a good volume. last few weeks show signs of accumulation. 200EMA at 29 overhead should get test this week (tomorrow) and possibly 32. That would be big tell about the reversal. Upside should be huge. I would say atleast 45.
Failure of 28 again will be a disaster.
ATHM - Gorgeous set up
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.
ATHM - inverted H&S (bullish)Broke above neckline on strong volume on 31 May and has been consolidating for the past week. Expect furthe upside in the coming days with target of around 50.00 (trail stops up)
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
ATHM - Its time has comeStock has struggled to find strength, but I think momentum is starting to return. Looking for match of recent highs at 47, and then to low 50's.
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
ATHM, TIME TO BUY?Hello fellow traders and investors, here's a trade idea on ticker: AAL
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Autohome Inc. has recently been selling off all the way back to the support area established in 2018. If it makes a recovery to the take profit area it offers a 83% ROI.
Technicals:
The RSI is oversold
The MA's are still in a downtrend
Volume is still looking bearish on the weekly
When To Buy:
When the moving averages crossover
When To Sell:
At the take profit area
Fundamentals: ATHM is the leading online destination for automobile consumers in China. Its mission is to enhance the car-buying and ownership experience for auto consumers in China. They have a market cap of 16Billion dollars, sales in the last 12 months of 1.38Billion dollars, a P/E of 14.56, a P/S of 11.59, debt/equity of 0, sales growth Q/Q of 19%, EPS growth Q/Q of 6.50%, a profit margin of 38.60% and a short float of 4%.
Rating: 70/100 since technicals are good and fundamentals are decent since the valuation is still pretty expensive.
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ATHM tests resistance zoneATHM is testing the resistance zone between around $89-$92 at the moment. If it closes below the lower resistance zone , it could be an good entry for a short swing-trade. Price target would be at the trendline .
ATHM: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Buy opportunityBuy opportunity: wait for a bullish reversal in the buy zone.
Trend analysis:
Monthly - side
Weekly - side
Daily - down
Long-term opportunity: buy
Short-term opportunity: -
About ATHM - Cup with HandlePrice up to the Breakout Point: Pre-Breakout Zone crossed - Watch for High Volume
$ATHM DOUBLE INSIDE DAY TOP OF BROADENING FORMATIONEYEING A BREAK OF THIS DOUBLE INSIDE DAY FOR A CLUE ON DIRECTION
SCENARIO ONE IS BREAK DOWN BACK THROUGH THE BROADENING FORMATION
SCENARIO TWO IS BREAK UP TARGETING $100 ROLL
Time to go back upEarnings were great. Expected EPS was $0.85 but was actually $0.94. RSI is below 30; this stock is oversold. I think it will bounce off its 200 day ema.
ATHM looks goodATHM has formed a cup with handle formation. The handle flagged down nicely and looks like it has complete. Using the measure rules you can project a price to around $126. If you are a Fib person you can project to $100 as the first profit target. I am not a Fibs expert, I do think it is a useful tool with projecting upward profit targets. This stock has done a good job of staying within the Fibs on the weekly and monthly scale. On the Daily it is a little sloppy, but again, I am not a fibs expert.
One thing to not about cup and handles, they hit their targets about %50 percent of the time. This one, however, has such a nice formation: Rounded bottom, nice tight flag, good volume projection as it completes the flag. Its a good one.
I would drop this one into your 2018 portfolio with stops at the top of the flag pole. I might add it to mine.
