Xinyi Solar (HKEX: 968) It has potentially bottomed as recent technicals indicate that a bullish upside is coming:
*Expected timeline of the trade is 25 weeks from the date of report issuance.
*Major support at HK$10.47-HK$11.08 will be the next level of rebound should the stock fail to break the immediate resistance at HK$13.46
CHART LEGEND
Ichimoku Kinko Hyo
Red dotted line = 26 periods Kijun-Sen
Blue dotted line = 9 Periods Tenkan-Sen
Green Line B= 52 periods Senkou Span B
Pink Line A = 26 periods Senkou Span A
Black line = 26 periods Chikou Span. Lagging line