11.7 C
New York
Thursday, April 15, 2021
spot_img

Lenovo Group Limited (0992.HK) HEFFX Stock Alert

Lenovo Group Limited (0992.HK) HEFFX Stock Alert

Network Switches Market May See Potentially High Growth Factors, Market Dynamics, Applications by 2027.

The COVID-19 Outbreak has affected economies and industries in various countries due to lockdowns, travel bans and business shutdown. The decrease in the overall market growth due to COVID-19 is also affecting the growth of the Network Switches market owing to the shutting down of factories obstacles in supply chain and a downturn in the world economy.

A network switch is a networking device used to connect several devices on a computer network. Further, each device in the network has a dedicated link with full operational bandwidth. Intense competition among telecom service providers globally has increased the need for efficient management of telecom services, which is necessary to sustain in the competition.

Rise in number of data centers operated by telecommunication service providers, cloud-based solution providers, and government agencies is projected to increase the demand for network switches. Furthermore, growth in internet penetration and high requirement for efficient management of telecom services worldwide are anticipated to boost the market growth during the forecast period.

Lenovo Business Summary

Lenovo Group Limited is an investment holding company principally engaged in personal computers and related businesses. The Company’s main products include Think-branded commercial personal computers and Idea-branded consumer personal computers, as well as servers, workstations and a family of mobile Internet devices, including tablets and smart phones.

The Company operates its business through four geographical segments, including China, Asia Pacific (AP), Europe, the Middle East and Africa (EMEA) and Americas (AG). The Company also provides cloud service and other related services. The Company distributes its products in domestic market and to overseas markets.

Shayne Heffernan Trade Idea

“The Coronavirus has had a dramatic effect on market behaviour. We predict the future price of Lenovo will come in at around HKD 5.50 which will give the stock a price increase of +25.57%.”

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Sideways.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 4.66.

The projected lower bound is: 4.10.

The projected closing price is: 4.38.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 5 black candles for a net of 1 black candles. During the past 50 bars, there have been 20 white candles and 27 black candles for a net of 7 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 73.3333. This is not an overbought or oversold reading. The last signal was a buy 10 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 57.46. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 51 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 209.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 11 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 3 period(s) ago.

Rex Takasugi – TD Profile

LENOVO GROUP closed up 0.030 at 4.370. Volume was 35% below average (neutral) and Bollinger Bands were 58% narrower than normal.

Open    High     Low     Close     Volume
4.390   4.400    4.360   4.370     32,130,546
Technical Outlook
Short Term:        Neutral
Intermediate Term: Bearish
Long Term:         Bearish
Moving Averages: 10-period     50-period      200-period
Close:           4.22          4.21           5.01
Volatility:      31            43             44
Volume:          54,583,976    44,023,944     41,146,808

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

LENOVO GROUP is currently 12.8% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods.

Our volume indicators reflect volume flowing into and out of 0992.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on 0992.HK and have had this outlook for the last 14 periods.

We invite you to try out any MetaStock product (including Add-Ons) for 30 days. If you are not convinced that it helps you make more accurate, educated trading decisions, just return it to us within the 30 days for a refund of the purchase price. It’s that simple. This policy does not apply to subscriptions.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of the Hong Kong Stock Market.

Trading and investing carries a HIGH LEVEL OF RISK, you could lose some or all of your investment. Trading commodities or any other financial instrument may not be suitable for all traders.  Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite.  We accept no liability for any losses or damages you may incur—this means that you alone are responsible for your actions in any trading or investing activities.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.
HEFFXhttp://www.heffx.com
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Related Articles

Stay Connected

21,804FansLike
2,735FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles