ANTA may trend higher after breaking out from its one-week bullish flag yesterday. Given that the stock cleared the 20-day EMA, a positive outlook is expected in the near term. We anticipate the rising momentum will propel the stock higher and test the next level of resistance in the near term.
Net profit is expected to grow at a CAGR of 14% for the next 3 years with strong net margins higher than 15%.
Source: Rakuten Research - 21 Mar 2024
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Created by rakutentrade | Jun 26, 2024