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