Taking a bigger step back and see the whole picture now
Now, when we analyse the same stock from a longer time frame, suddenly the long spike up does not look as scary anymore.
Upon closer examination, one can see clearly that the price has been range bound since Nov 2021 which was the covid period. Haidilao famous for its restaurants hotpot was badly hit since people are stucked at home.
Fast forward to today...........if you have missed the boat at the bottom price point of 11.48, does it really matter ? I would argue that the margin of safety is better once it has rallied and breaks above the resistance at 23.40. Remember, it is not the guy who spotted the lowest price and win the game but the one who is able to catch the trend and ride with it.
Next profit target 30 then 50......how long will it takes ? I dunno, meanwhile I am enjoying my hotpot and see the restaurant full house and enjoying my 7% dividends while waiting for a bonus capital appreciation.....haha
Upon closer examination, one can see clearly that the price has been range bound since Nov 2021 which was the covid period. Haidilao famous for its restaurants hotpot was badly hit since people are stucked at home.
Fast forward to today...........if you have missed the boat at the bottom price point of 11.48, does it really matter ? I would argue that the margin of safety is better once it has rallied and breaks above the resistance at 23.40. Remember, it is not the guy who spotted the lowest price and win the game but the one who is able to catch the trend and ride with it.
Next profit target 30 then 50......how long will it takes ? I dunno, meanwhile I am enjoying my hotpot and see the restaurant full house and enjoying my 7% dividends while waiting for a bonus capital appreciation.....haha
Aviso legal
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