LENOVO 992Fibonacci retracement 3,64 : 4,17
ATH 13,54
next fibs: 19,80 - 24,85 - 29,70 - 36,70 - 46,25
992 trade ideas
Simple13 Trading IdeaI foresee the Hang Seng Index (HSI) showing short-term upside potential. As a result, I am expanding my watchlist to include HSI stocks, and one stock that has caught my attention is Lenovo.
📊 Why Lenovo?
1️⃣ Technical Setup:
– The 10 EMA recently crossed above the 20 EMA, signaling the start of an uptrend.
– The stock is currently pulling back, finding support at the 10 EMA and aligning with the Fibonacci 0.5 retracement level, making it a favorable entry point.
2️⃣ Fundamental Criteria:
– Positive PE: Lenovo meets my requirement for having a positive price-to-earnings ratio, which is not excessively high.
– Good ROE: Ensures the company generates efficient returns for shareholders.
📈 Trading Plan:
– Entry Price: Current price at HKD 9.83
– Target Price: HKD 11.5
– Stop Loss: HKD 9.45
This setup offers a solid risk-to-reward ratio and aligns with my criteria for both technical and fundamental strength.
What’s your take? Is Lenovo on your radar, or do you have other HSI stocks to recommend? Let’s discuss! 💬📊
Disclaimer: This is not financial advice. Conduct your own research before making investment decisions.
HKEX:992
Lenovo (992)It is the second leading stock in the Electronic Technology sector after XIAOMI. Additionally, the company has diversified its investments into Latin America as well, providing greater growth opportunities.
long trend down, short trend upHead and shoulder almost done (70%) for another correction or continue the trend. (30%)
Wait till it gives direction.
Lenovo Investing $1.2 Billion In AILenovo is investing $1.2 billion in artificial intelligence to help bring AI to the edge for customers as well as drive partner sales.
“The AI server and storage market is expected to reach $29 billion next year. Lenovo is investing $1.2 billion in R&D to help tap into those opportunities and bring those AI initiatives to fruition,” said Stacey Goodman (pictured), senior director of U.S. VAR Partner Sales for Lenovo, at the 2023 XChange Best of Breed conference today in Atlanta.
Goodman said as Lenovo’s channel organization evolves, the $62 billion technology giant recognizes that it needs to evolve its products and solutions to allow Lenovo partners to tap into and capture new markets and opportunities.
Lenovo bullish pennant The price has formed a bullish pennant. We are expecting the price to break into the upside, We are looking for a retracement to a 50% fib zone of the Fibonacci extension.
AROON: Shows some bearish momentum, which is allowed since we expect the price to pull back to the entry point.
Target: 1.141
Entry: 0.863
S&L: 0.751
Lenovo Group's Net Profit Reached CNY 222.5 Bn in 2021 H1Hong Kong stocks of Lenovo Group fell by 0.35% to HKD 8.47/share, with a total market value of HKD 102 billion.
Lenovo Group has three major business groups, namely the intelligent equipment business group (IDG), the infrastructure solution business group (ISG), and the solution service business group (SSG).
The 2021 H1 financial reports for the Lenovo group are as follows:
- Revenue was USD 34.8 billion, a 24.87% year-on-year increase.
- Net income was USD 978 million, an 87% year-on-year increase.
- IDG's revenue reached USD 30 billion, an increase of 24.14% year-on-year, with USD 2.3 billion in net profit.
- ISG's revenue was USD 3.8 billion, an increase of 23.57% year-on-year, with USD 16.9 billion in net loss.
- SSG's revenue recorded USD 2.5 billion, an increase of 33.39% year-on-year, with USD 548 million in net profit.
The six months performance period ended September 20, 2021, are as follows:
- R&D expense was USD 948 million, accounting for 2.72% of revenue.
- SG&A expense was USD 3.3 billion, accounting for 9.44% of revenue.
The 2021 Q2 performance are as below:
- Revenue was USD 17.9 billion, a 23.07% year-on-year increase.
- Net income was USD 512 million, a 65.16% year-on-year increase.
Long IdeaThe chart shows that the stock is in an upward trend. A good opportunity to take advantage of the trade
HKEX: 992 Lenovo GroupStock as previously in downtrend and then moving sideways.
IPO filing came stock rallied.
IPO withdrawn and stock dumped.
Now price near bottom of channel.
Tweezer bottoms.
Entry around 7.70 maybe cut around 6.90.
Looking for it to fill the gap.
Covid-19 drives demand for PC businessCurrently, it is facing some resistance but as soon as 5.17 level is cleared, we can expect it to hit higher towards 5.81 level.
Read news here
#992 after minor pull-back and expect to test BLUE LINESHi Everybody
Expect #992 will make a minor pull-back and expect to test BLUE LINES, stop if lower than the RED LINE.
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.
LENOVO: Wait and BuyThe LENOVO raised from May of this year and dropped because of the Bloomberg News' report.
It may give investors a good chance to buy again.
A good demand zone is at 3.85-4.35 HKD.
So buy at 3.85-4.35 HKD and the SL is below 3.55
TP1: 6.0
TP2: 7.6
#LNVGY | #Lenovo is pushing up at MASSIVE RESISTANCE; wait for..#LNVGY | #Lenovo is pushing up at MASSIVE RESISTANCE.
...so wait for a break higher w/ VOLUME CONFIRMATION!
And, if there is NO volume confirmation, then we'd likely SHORT it.
Realistically, we should see a pullback to at least the 0.5 fibonacci region.
If #LNVGY breaks slightly lower than the GOLDEN POCKET (0.6 to 0.65), then
we'd be interesting in going LONG with a tight stop-loss at 0.78!
LNVGY (Lenovo Group LTD) --> place BUY ORDERS in the Green Box!LNVGY (Lenovo Group LTD) --> place BUY ORDERS in the Green Box!
Lenovo completing first wave diagonal?Ynvalidation below price level of former 4th wave of ending diagonal in Y
Lenovo Bounce off of multi year support?Article: www.altcointoday.com
This may be what lenovo needs to turn around.
Lenovo next 16$unfortunately I don't get the 0992 (Xetra or HK) here. But for me Lenovo is a buy now. Next targets are 16$, on Xetra 0,65/070€ and 6,28/7,81HK$.
