XinYi Solar's uptrend remains intact after it broke out from a 7-month downtrend line a few sessions ago. In view of the bullish crossover formed in March, coupled with 8 consecutive white candles, this has enhanced the bullish momentum. We expect the rising momentum to steer the stock higher and test the next level of resistance in the near term.
Net profit is expected to grow at a CAGR of 25% for the next 3 years with strong net margins higher than 15%.
Source: Rakuten Research - 12 Mar 2024
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Created by rakutentrade | Jun 26, 2024