600887: Inner Mongolia Yili Industrial Group (Profit) What do to better
Think this trade entry was way too high.
Was a bit too aggressive given that the tip of the candle was also a strong resistance.
Should have wait for a better price.
This is especially as China stocks has been weak the entire year.
A cheaper price would have been possible and that could have greatly increased the risk reward
600887 trade ideas
YILI: Its Tastes Good TooFundamental :
Another China Roaring 2020s stock called Inner Mongolia Yili. It is in in the consumer non-cyclical sector, involved in food processing. It processes and manufacturers milk products that I, personally, enjoy drinking. It tastes so good. In 2018, it was the world's best-performing food brands.
Not only are their products worth trying, but their company is stable and growing.
Technical :
The stock bounced from some long-term moving averages on large time frames. It also consolidated a bit and now it is breaking out. The stock's trend is a slow and steady rise over a long stretch of time, paying a dividend.