Date of Report: October 14, 2024
Broker: CGS-CIMB Research
Company Overview
China Nonferrous Mining Corp Ltd (Stock Code: 1258) operates in the mining sector, focusing on the extraction and production of non-ferrous metals. The company’s stock is currently positioned as a technical buy due to favorable indicators in its price movement and technical analysis.
Technical Analysis Summary
China Nonferrous Mining Corp Ltd presents a strong buying opportunity based on several technical factors outlined in the report. The following points highlight its current market positioning:
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Entry Price Recommendations:
- Primary entry prices are suggested at:
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Stop Loss Level:
- Investors are advised to set a stop loss at 4.38 to minimize potential downside risk.
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Target Prices:
- The stock shows significant upside potential with multiple target levels:
- Target 1: 7.80
- Target 2: 8.60
- Target 3: 10.20
- Target 4: 13.00
Conclusion
China Nonferrous Mining Corp Ltd is identified as a technical buy with notable entry points and a robust upward trajectory. With several target price levels and a manageable stop loss, it is positioned as a promising investment in the non-ferrous mining sector.
