TECHNICAL ANALYSIS

Galaxy Entertainment may extend it upward trajectory after it broke out from its 3 week downward channel pattern few sessions ago. In view of the stock pulling further away from all the EMAs, coupled with its 20-day and 50-day EMAs converging now and likely to turn up in the near term, a positive outlook can be expected here. We expect the rising momentum is set to steer the stock higher and test the next level of resistance in the near term.

Fundamentals

Net profit is expected to grow at a CAGR of 24% for the next 3 years with net margins higher than 20%.

Source: Rakuten Research - 6 Feb 2024

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

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