Reported 8 months ago
On June 24, 2024, Hua Youlian (1436) opened flat and surged to hit the daily limit by around 11:30 am, closing at the limit price of 164 yuan, up 14.50 yuan, hitting a historical new high. After setting a new historical high on May 6, there has been a composite W-shaped consolidation for over 30 days. The long red candlestick on the 24th closed at the closing price of 164 yuan on May 6. This indicates a potential for a short-term high point, pending a breakthrough of the consolidation's neckline. Further observations are needed to ensure the price does not fall below the consolidation zone to mitigate risks.
Source: YAHOO