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Saturday, 6 October 2018

Sihuan Pharmaceutical Holdings

0460 Sihuan Pharmaceutical Holdings
Exchange: Hong Kong

This stock is forming a double bottom and a bullish divergence, the ichimoku cloud is also beginning to twist and the price is peeking from below the cloud. The PE ratio is just 9.92 although the net income growth for the most recent quarter is not impressive the stock is cheap. This stock might still revisit 1.55 before going up but it is already good to accumulate at current level of 1.655. Resistances to look out for are 1.8, 2.2, 2.975, 3.32, 3.8

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