TECHNICAL ANALYSIS

Lenovo Group pushed out from the 3-week bullish flag patterns in the past few sessions thus likely indicating the return of buying interests. Alongside the 4 consecutives white candles coupled with the rising RSI, this has enhanced the bullish momentum. A bullish bias may emerge above HK$8.23 level and the bullish momentum should lift it towards the subsequent resistance level of HK$8.65, followed by HK$8.88.

Fundamentals

Net profit is expected to grow at a CAGR of 14% for the next 3 years with net margins ranging between 2%-3%.

Source: Rakuten Research - 10 Oct 2023

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo