World no. 1 PC maker is undervalued by 40%, are you buying ?

Latest from Lenovo news

In 2015, around 5 years ago, this great company was at its peak price of 14.30 and have suffered a severe plunge thereafter............

A closer look at the weekly chart shows price has been in the accumulation stage since May 2016 till current period with price ranging from 3 to 6.

Chart wise,it has just broken out of the bearish trend line which is a good sign. If it sustained above, we can expect it to go higher towards 6.18-6.57. Alternatively, it could revisit 5.04 at the support before we see any rebound.

تعليق:

Ok, now we got a pull back , we await the next candle before buying.

تعليق:

The China market is halted for a week and will resume trading on 2 Feb 20. The government is trying to contain the selldown , I think as china indices are hit hard and many China stocks are also heading south.

We are reviewing our stock positions and may take smaller profits if necessary to protect the capital.

تعليق:

Sadly, a very bearish engulfing candle follows yesterday , dashing hopes that it will break out any time soon.

تعليق:

observe closely, there were 3 breakouts including the latest one. First was on 13 Jan which buyers would like be taken out by 30 Jan long bearish red candle. 19 Feb was the last and current breakout. The price now is still above the bearish trend line so let's monitor this week or so to see its progress.

تعليق:

Possibly it might break down from the support of 5.04 and goes even lower.

تعليق:

Praise the Lord. Congrats to those who longed with us. Wait for it to pull back to 6.57 or 6.14 before accumulating or going long.