TECHINICAL ANALYSIS

Lenovo Group is in an uptrend as the price is currently trading above both the 20- day and 50-day EMAs. Additionally, the MACD is in positive territory and remains above the signal line, indicating further support for the prevailing bullish movement. We believe the upward drive will push the stock higher to test the next resistance level at HKD11.80

Fundamentals

Net profit is expected to grow at a CAGR of 30% for the next 3 years with strong net margins of around 2%.

Source: Rakuten Research - 22 Oct 2024

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

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