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On June 16, CICC published a report, adjusting Chow Tai Fooks (01929.HK) target price by 31% to HK$14.92, with an investment rating of "outperforming the industry". CICC pointed out that looking forward to the 2026 fiscal year, Chow Tai Fooks revenue guidance will achieve a low-to-mid-single-digit annual growth, and the gross profit margin may decrease by about 0.8-1.2 percentage points year-on-year due to the reduced contribution of gold price increases, but under continued cost control, the operating profit margin is expected to decrease by 0.6-1 percentage points year-on-year. Considering the companys continued operational improvement, CICC raised Chow Tai Fooks 2026/27 earnings per share forecast by 9%/9% to HK$0.83/0.91, and the current share price corresponds to 15/14 times the 2026/27 fiscal year price-earnings ratio.According to White House officials: US President Trump will hold bilateral talks with Mexican President Sheinbaum and Ukrainian President Zelensky during the G7 summit.On June 16, in the first quarter of 2025, the market supervision department organized special actions such as intellectual property law enforcement to further strengthen the governance of key areas, key commodities, and key markets, actively play the deterrent role of administrative law enforcement, effectively protect the legitimate rights and interests of right holders and consumers, maintain the market economic order, and create a good business environment. In the first quarter, various special actions investigated and dealt with nearly 113,000 related cases, including 8,000 cases of trademark infringement and counterfeit patents, and carried out about 16,000 law enforcement actions against key physical markets with high incidence of infringement and counterfeiting.Zeekr announced that the 500,000th mass-produced car rolled off the assembly line.The Hang Seng Index turned positive, with the Hang Seng Tech Index rising 0.35%. Chow Tai Fook (01929.HK) rose more than 6%, leading the constituent stocks.

Triangle Chart Patterns（1）

Jason Douglas

Oct 25, 2021 13:27

 

Symmetrical Triangle

The price fluctuates up and down and the rising high is lower than the previous one, and the falling low is higher than the previous one. Price movements become narrower and narrower，that shaped a symmetrical triangle.


tr1.jpg

 

How to trade in a symmetrical triangle？

Draw a trendline of three swing highs and three swing lows of the symmetric triangle.

We can Buy when the price breakouts above the upper trendline, or short Sell when the price drops below the lower trendline of the symmetrical triangle.  And place the loss stop at the recent swing high or swing low.

tr2.png

The profit target is the height of the symmetrical triangle pattern. We can subtract the first falling low price from the first rising high price of the pattern. This gives us the height of the pattern, also the profit space.

tr3.png

 More Triangle Chart Pattern see "Triangle Chart Pattern (2) " & "Triangle Chart Pattern (3)" in master skills.

 

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