Geely

Geely (175.HK) – Went Gila! How Much Further?

Kelwin & Roy Geely ,
27th June, 2022, 7:03 PM

Gila is the Malay word for CRAZY which probably best describes Geely as it has seen about a 20% upside movement in just 4 trading days ever since we alerted our clients on it! Crazy moves for some counters in the Hong Kong market and we’re glad we managed to catch some of them.

As for Geely, our eventual target is around $20.6 but there are signs of profit taking as Geely as risen quite fiercely over the last few days so its normal to have some profit taking coming in. We might see it move towards the 5ema of around $17.20 before some support comes in.

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Yours

Humbly

Kelwin & Roy

Geely (175.hk) – [Accelerating Forward]

Kelwin & Roy Geely , ,
23rd June, 2022, 6:57 PM

A slew of good news has been coming out of China and this morning it was the automotive sector benefiting. China  considers extending electric car tax exemptions and this gave a boost to auto shares like xpeng, li auto, great wall motor and of course geely.

Geely 23rd June 2022

It came to our attention yesterday when we saw Geely trying to break out after a long consolidation and with volume. We informed our clients as we saw a good potential trade set up. We’re thankful that it has risen over 7% in just a day hitting our first upside target! Very impressive run for a day! There looks like more room on the upside but of course not in a straight line. $17.90 is our next upside target!

As our local market is in a consolidation phase, it is important to look at other markets to continue to generate some income. So when one market is slow there are still other markets to look at.

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Yours

Humbly

Kelwin & Roy