Saturday, November 9th, 2024

Technical Buy Opportunity: Meituan Poised for Strong Upside Potential

Date: October 10, 2024
Broker: CGS International Securities Pte. Ltd.


Company Overview

Meituan is a Hong Kong-listed company (stock code: 3690) known for its wide range of services, including food delivery, e-commerce, and other on-demand services. The company has been identified as a technical buy opportunity in the report due to strong technical indicators.


Entry and Exit Strategy

  • Entry Prices: 184.40, 158.00, 146.00
  • Stop Loss: 109.80
  • Target Prices:
    • Target 1: 224.00
    • Target 2: 260.80
    • Target 3: 300.20
    • Target 4: 330.00

Technical Indicators and Analysis

The report indicates a strong buy signal for Meituan based on a combination of technical factors. Key indicators include:

  1. Price Action: The stock is positioned as a technical buy due to its potential for a significant upward movement based on current entry points.

  2. Support and Resistance: Meituan’s support levels are strategically identified, and the upside potential is illustrated through multiple target prices.


Analyst Contact


Source: CGS International Securities Pte. Ltd.

DRB-Hicom Signals Strong Recovery with Bullish Momentum

Date: 26 September 2024Broker: UOB Kay Hian Securities (M) Sdn. Bhd. Overview of DRB-Hicom DRB-Hicom (DRB MK) is a diversified company involved in several key industries, including automotive, services, and property sectors. The company...

Air China Soars with 21.7% Passenger Traffic Growth Amid International Route Expansion

Date: 17 September 2024Broker Name: MIB Securities (Hong Kong) Ltd Operating Data for August 2024 Air China (753 HK) released its operating data for August 2024, showing positive growth in both capacity and traffic....

Hartalega’s ESG Score Improves to 64/100: Analyst Maintains Buy Rating and RM4.28 Target Price

Comprehensive Financial Analysis of Hartalega Holdings and Industry Peers Comprehensive Financial Analysis of Hartalega Holdings and Industry Peers Date: November 5, 2024 Broker: Maybank Investment Bank Berhad Introduction Our detailed analysis covers Hartalega Holdings...