DaShenLin Pharma: Retail Chain of Med, Trad. Chin., Equip., etcLooking back at a snapshop of DaShenLin Pharma's balance sheet, this company seems to have carved a niche market in regular medicine, traditional Chinese medicine products, medical equipment, personal care and household items.
Their products are flying off the shelves as it positioned itself as a retailer, wholesaler and manufacturer. It is a leader and rated as one of the top 100 listed value companies mainland China. The link for information about the company is here: www.dslyy.com
This company is unique in that it emphasizes its social responsibility in the environment.
Price performance: YTD approx. 92% as of October 26, 2020.
Lens Technology: A Winner In Touch Screen Production in ChinaFundamentals:
This company produces touch screen and finger reading technology in China and it is a clear growth stock for the new economy. Its industry is ripe for growth, being a producer of electronic parts in mainland China. China's growth is set to outpace the world in 2021. This company has a qualified return on equity and cash on hand.
Technically: Its up volume versus down volume ratio is above my, personal, minimum requirement (good).
Price performance: The stock has gain 147.61% ytd as of October 26, 2020 (Beijing time @ 2:39pm).
This is a stable company that I can look forward to for future growth given its fundamentals, technicals and price performance.
Best of both world I think the Chinese Government is very smart. They know that to get the international flight to be fully operational is not what they can control internally. Instead, they focus on their own domestic flight market.
A beneficiary is the duty free shops in China. Read this news here
Isn't the government encouraging the people to buy more, spend more to improve the revenue ? Run through the list and you will see there are many products that the locals would like to buy and better still at a discount, items like supplements , electronic products, liquor ,etc
While this is a travel-related shop, it also falls under the retail category as well. Imagine you have the income to spend but are unable to travel internationally due to Covid-19, then this duty free shop can bring partial of these popular items including luxury brands like Prada to the people.
Huge volume confirms the start of a market cycleMarket moves in cycles, when a trend reverses course it needs time and often has some obvious signs.
In this case we are seeing a long term down trendline broken, Ascending Triangle breakout, Potential Rounding Bottom.
Despite horrible fundamentals, vaccine coming in a month or two will definitely be a strong catalyst for airline companies.
Volume is important, when huge volume kicks in on breakouts, I'd increase my position size and hold it until it stops trending.
###NOT FINANCIAL ADVICE###
FUYAO Glass Updated Analysis: Looks Extremely Bullish!!Dear Traders,
Welcome to my updated analysis of this great asset. The price is going to meet the measured target of my previous post very soon and will potentially give us approximately 40% gains. More gains might be coming!
Now, this asset is testing the previous all-time high, 30.22 CNY. And the MACD just crossed bullish and put the first green bin on its histogram after 2-year accumulation. The blue-sky breakout might be imminent. If this happens, the next target I am looking at is the 200% measured move from the previous three rising valleys. Please see the chart!
Will keep updating this setup. Stay tuned.
Have fun!
HakoneDream