Technical Analysis of (HKEX: 1988) MINSHENG BANK:
The technical looks that in monthly chart price to be found range bound between 4.5 to 9.5, and currently resting near to 5year low and also forming a double bottom which indicates bullish momentum and very strong support zone at the level of 5, chart also showing buying pressure in recent candles which indicate the change in momentum anticipation for upside for long-term from major support zone.
BUY PRICE:5.14, STOP LOSS:4.74, TAKE PROFIT:8.92, TIME SPAN:2YEAR
LET”S TAKE A LOOK ON FUNDAMENTALS:
PE WILL UNDERPERFORM STATE.
EPS WILL BE GOOD FOR SHARE
1YEAR RETURN NOT GOOD BUT ITS LOOK A MAJOR CORRECTION
BOTH SHOWING RIGHT TO BUY FOR LONG RUN