TECHNICAL ANALYSIS
CK INFRASTRUCTURE is poised for a bullish breakout from its one-week bullish rectangular pattern, targeting to surpass the resistance at HKD48. Considering the positive cross of its 20-day EMA above the 50-day EMA a few sessions ago, this bullish crossover has enhanced the near-term positive momentum. In addition, with the stock pulling further away from all the EMAs, we believe the stock has a decent chance to stage a breakout.
Net profit is expected to grow at a CAGR of 6% for the next 3 years with strong earnings coming from its JV and associate companies.
Source: Rakuten Research - 23 May 2024
To sign up for an account : http://bit.ly/40BNqKI
[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo
Created by rakutentrade | Nov 22, 2024