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Jiutian – still on an uptrend, tests resistance $0.101 (2 Feb 21)
By Ernest Lim's investing blog  •  February 2, 2021
Dear all With reference to my write-up on Jiutian posted on my blog on 2 Dec 2020 (click HERE), Jiutian touched an intraday low of $0.066 on 14 Dec 2020 before touching an intraday high of $0.116 on 25 & 26 Jan 2021. At the time of this write-up, Jiutian is trading at $0.101 and is on track to test an important resistance $0.101. At current levels, Jiutian seems interesting on the following basis: A) Average selling prices (“ASP”) have improved from the recent low seen in Dec Based on the DMF price as shown on this website (click HERE), DMF prices have recovered from the recent low of around RMB7,833 to around RMB9,867. This is encouraging and bodes well for Jiutian. Furthermore, besides DMF, based on channel checks, DMA are also fetching decent prices. With reference to Jiutian’s production flow chart (click HERE), Jiutian has the flexibility to sell...
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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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