Rakuten Trade Research Reports

Foreign Equities – HK - SUNNY OPTICAL TECH - Indicators.

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Publish date: Tue, 12 Nov 2024, 09:17 AM
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TECHNICAL ANALYSIS

SUNNY OPTICAL showed strong signs of a bullish breakout with increased volume and support above key EMAs. This could attract more buying activities, pushing it towards the USD59.40–USD63.00 resistance levels in the near term. Meanwhile, the MACD has crossed above the signal line and is pointing upwards, indicating a bullish shift in momentum and increasing buying interests

Fundamentals

Net profit is expected to grow at a CAGR of 17% for the next 3 years with net margins ranginng between 6%-7%

Source: Rakuten Research - 12 Nov 2024

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