GREE stock price has tanked due to the impact from COVID over the last 3 years. It's a perfect time to build a position in your portfolio if you haven't already own this wonderful company. EPS forecast 2022 - 4.63 2023 - 5.08 2024 - 5.57 Dividend Payout in 2021 = RMB 3 per share. At RMB 30 price per share, that's a 10% dividend yield. Current valuations are...
Frankly speaking, I love Gree which is still the best Air conditioner manufacturer in China. I started to trade it back in 2012 and still hold some shares as of today. The company has been up by more than 900% in the past ten years. It used to be must-have stock for value investors due to its outstanding financial performance. However, things started to change...
Gree is world's largest residential air-conditioner manufacturer, headquartered in southern part of China. Personally, I've traded this stock since 2012( Familiarity bias ). Look at the the weekly chart, it never firmed closed below the long-term MA since 2016. On daily, it seems the consolidation was completed. I sold part of my position around 69 several weeks...
The trend has formed with support and resistance rising in consistent pattern, the buy entry is based on an area of confluence since the I expect a strong bounce from the support line. The take profit level based on an area of resistance. These trades are part of a position trading strategy to reduce the overall average cost of holding by trading the mini...
Read article here As soon as the operation is back to its pre-Covid 19 days, we can predict the air conditioners demand will increase due to the summer days. The shares buyback program is also a good sign that management is bullish on the company's future. Let's wait for the price to fall a bit more before considering to buy