I would like to touch on 3 points namely, Fundamental Analysis (FA), Technical Analysis (TA) and Fund Flow Analysis (FFA)
On October 2018, China Cosco (601919) reach recent low of 3.33 by using that as a benchmark couple with resistance classical line drawn the immediate resistance is at 6.66 (100%) simple mathematical formula and an useful strategy by Technical Analysis expert Mr. Hu Li Yang's rise by one fold meet resistance pressure 涨一倍埋压. Note that all time low price is 2.73 by using rise by one fold meet resistanc pressure strategy price works out to be 5.46 (CNY) may see resistance turn support and support turn resistance vice versa. if price 5.46 maetrialise after China Cosco recent high of price 6.58 reach past few days x .85% (safety of discount margin) it works out to be 5.59 not far from 5.46 price. Ideally investors can accumulate around price range of 5.26 to 5.59 ranging from (15% to 20% safety of discount margin).
China Cosco A Share (601919) 3 Year Daily Chart
China Cosco A Share (601919) 3 Year Daily Chart With Technical Analysis
China Cosco A Share (601919) Historical Chart