JICPT| Kweichow Moutai potential buying level of 1550
Kweichow Moutai is the icon of Chinese stocks. With gross margin of 90% plus, It's been served as the deep value investor's must-have holdings. In addition, the share of Moutai is the most expensive one in domestic Chinese market.
However, 2021 is not the year of Moutai. The price has dropped by approximately 37% from around 2630 created in Feb. From the valuation perspective, it fell into the reasonable zone which attracted me. I bought Chinese wine ETF and plan to add more in the next future.
From the weekly chart, I identified the level of CNY 1550 be attractive with abcd pattern combined with moving average line. I won't save my bullet if it drops to that level.
Moutai is a great company. I think it has very high probability to hit CNY 3000 within the next 2 years. So the annual return is close to 50%.
What's your opinion? Give me a like if you're with me.
However, 2021 is not the year of Moutai. The price has dropped by approximately 37% from around 2630 created in Feb. From the valuation perspective, it fell into the reasonable zone which attracted me. I bought Chinese wine ETF and plan to add more in the next future.
From the weekly chart, I identified the level of CNY 1550 be attractive with abcd pattern combined with moving average line. I won't save my bullet if it drops to that level.
Moutai is a great company. I think it has very high probability to hit CNY 3000 within the next 2 years. So the annual return is close to 50%.
What's your opinion? Give me a like if you're with me.
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