In investment, it is better to learn to make your own decisions than to rely on others. Learn to fish for yourself than to be fed all the time.
We can see from chart that price has fallen almost 50% from peak and is now making a possible trend reversal pattern from the support level at 273.
If this is for a short trade, maybe can enter with a SL below 255 and take profits at 368 or 414.
Just because someone in the social media preach about a certain stock, it does not mean it is a good stock to buy. Always DYODD . For example, I missed Pop Mart and discovered two great China stocks – Muyan Foods and Yantai China PetFoods.
In determining if a company has economic moat – it can be subjective and changes with time. Look at Starbucks China .
Tapping on the consumer sentiments in a big market like China is important ! But to know if it will last for many years require both science and art, imo. Take a look at EV markets in China. It is undeniably the largest manufacturer in the world and each player is now undercutting prices to outdo one another. Results ? Dwindling sales – a lose lose situation for all players. Yes, the EV market is still at its infancy stage and many countries are not fully adapting to it yet. Yes, the demand will be there but look at the share prices of these 3 players . That is why I avoid automotive companies as it is subject to lots of government policies and exports requirements !
