On the morning of March 12, news spread that Li Ning would be privatized. According to relevant media reports, Li Ning, the founder of Li Ning Company, was contacting investment institutions to acquire the company's shares for privatization. It is reported that Li Ning has invited TPG, PAG (Pacific Alliance Investment Group), Hillhouse, etc. to join the...
Li Ning (2331.HK)enter into a strong resistance level from 72.5 HKD to 74 HKD. If it cannot breakthrough 74 HKD, it is likely to have a significant recession to 62 HKD. It is a SELL.
Sign of Strength in the chart:
1. Green Pentagon above 20/40ma
2. Pullback with Spring near 20ma
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Li Ning HKEX:2331 has been dependable in recent months. Sitting within a tight weekly regression trend channel, it has just pulled back and hit 20 EMA which it seems to more or less respect. It is also moving with the industry-wide uptrend.
My guess is that it will bounce 10% within 30 days. Target exit at 55.50.
China sportswear players in 1H20 overall delivered in line or better-than expected results. Li Ning has outperformed its peers (Anta and Xtep) this year with core earnings up 22% y-o-y. This is mainly due to its elevated brand presence and increase efficiencies in the business. Although sales and margins were evidently impacted by Covid-19, I remain extremely...
Looks like consolidation of an uptrend into a descending wedge for Li Ning.
It should continue to rise towards ~50 if it breaks out of the wedge to ~44.20
Decade long cup and handle. I am seeing Li-Ning to be rejected at the historic high resistance levels(around 32), and would probably begin a downtrend from that level. No position yet, but would short if this reaches 32.
