Lenovo is investing $1.2 billion in artificial intelligence to help bring AI to the edge for customers as well as drive partner sales.
“The AI server and storage market is expected to reach $29 billion next year. Lenovo is investing $1.2 billion in R&D to help tap into those opportunities and bring those AI initiatives to fruition,” said Stacey Goodman...
The price has formed a bullish pennant. We are expecting the price to break into the upside, We are looking for a retracement to a 50% fib zone of the Fibonacci extension.
AROON: Shows some bearish momentum, which is allowed since we expect the price to pull back to the entry point.
Target: 1.141
Entry: 0.863
S&L: 0.751
Hong Kong stocks of Lenovo Group fell by 0.35% to HKD 8.47/share, with a total market value of HKD 102 billion.
Lenovo Group has three major business groups, namely the intelligent equipment business group (IDG), the infrastructure solution business group (ISG), and the solution service business group (SSG).
The 2021 H1 financial reports for the Lenovo group are...
Stock as previously in downtrend and then moving sideways.
IPO filing came stock rallied.
IPO withdrawn and stock dumped.
Now price near bottom of channel.
Tweezer bottoms.
Entry around 7.70 maybe cut around 6.90.
Looking for it to fill the gap.
Latest from Lenovo news
In 2015, around 5 years ago, this great company was at its peak price of 14.30 and have suffered a severe plunge thereafter............
A closer look at the weekly chart shows price has been in the accumulation stage since May 2016 till current period with price ranging from 3 to 6.
Chart wise,it has just broken out of the bearish...
The LENOVO raised from May of this year and dropped because of the Bloomberg News' report.
It may give investors a good chance to buy again.
A good demand zone is at 3.85-4.35 HKD.
So buy at 3.85-4.35 HKD and the SL is below 3.55
TP1: 6.0
TP2: 7.6
#LNVGY | #Lenovo is pushing up at MASSIVE RESISTANCE.
...so wait for a break higher w/ VOLUME CONFIRMATION!
And, if there is NO volume confirmation, then we'd likely SHORT it.
Realistically, we should see a pullback to at least the 0.5 fibonacci region.
If #LNVGY breaks slightly lower than the GOLDEN POCKET (0.6 to 0.65), then
we'd be interesting in going...
