dchua1969

Wanna go eat steamboat tomorrow ? Haidilao

Long
dchua1969 Updated   
HKEX:6862   HAIDILAO INTL HLDG LTD
If you have not tried steamboat buffet , then check out this restaurant - Haidilao. It is so
popular here in SG that each time you go, you have to wait for hours to get in.

What really impressed me is their level of service.The Company has gone soft as in differentiating from just being a tangible product business to having a team of friendly, heart-warming customer service staff to make your entire meal enjoyable. They sing Happy Birthday song to the customer, dish out balloons for kids, ensuring your table is ever so clean,etc.

And after the first time there, I wanted to have a share of this company but it's share price just kept creeping up. See how strong it is from beginning of 2019 till now.

God is great and now there is another buying opportunity, soon. Let's see if the price action plays out like the chart in a few weeks from now.
Comment:
support at 32.85 was strong. Price action indicates bull taking over as you can see two doji candles , a trend reversal pattern.

If you draw a line from 5 Nov and touching 4 Dec, you would realise the price has broken out of the bearish trend line. That is another confirmation for buy.

We are taking a small position here.
Comment:
28.65 is the current support, looks fairly strong ! we are studying China closely and may add soon.
Comment:
Did you spot the inverse H&S pattern ? Looks like a rebound is imminent next week.
Get your ammunition ready , guys !
Comment:
It takes 5 months for the price to revisit the 27.60 price level. Looking to nibble some when the price goes above 35.
Comment:
we are adding more long today!
Comment:
adding more today
Comment:
Praise the Lord again and again and again ..
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