F&B is growing and waiting for a good price on this

The F&B sector in the HK stock market is doing very well, such as Meituan (3690) and Yum China (9987) as China has very good control of COVID-19, and people and returning to their normal lifestyle.

This stock has a 38% growth within the last 10 days, therefore I assume there would be a better entry price after the retracement.

Zlecenie aktywne:

Bought at $14.80.
TP: $ 18.28
SL: $ 13.05
Risk Reward Ratio: 1 : 2

This is a hotpot business and expected to have more people to have hotpot during winter, I assume this F&B is relatively popular based on the seasonal trend with this VCP pattern.

Komentarz:

Komentarz:

Going a bit sideways now and seems like building ground at $14.76.
Still profitable at this point even after this retracement but I will keep my eye on this closely.

Transakcja zamknięta: osiągnięto wyznaczony cel:

Took Profit 1:2

Komentarz:

reached $18.30 with over 20% profit within a month.

Transakcja zamknięta: osiągnięto wyznaczony cel:

Reached my TP2 at 21.22 today