Anta Sports stock price long-term buy opportunity for the Chinese giant
01 Dec 2022
Anta Sports Products Limited is a Chinese sports equipment multinational corporation headquartered in Jinjiang. It is the world’s largest purely sports equipment company by revenue and the third-largest manufacturer of sporting goods overall, behind Nike and Adidas.
Adidas stock analysis and Nike stock analysis were also published recently. Please, check them out if you want to learn about the long-term expectations of the three major sporting goods manufacturers.
Anta Sports stock price bullish forecast
There is a long-term buy opportunity for the Chinese stock giant. As you can see in the Chinese stock analysis below shared with Set and Forget’s online trading academy members at the end of November 2022. A new weekly demand imbalance has just taken control. There is much room for profit margin in this stock trade idea.
China’s biggest athletic-apparel producer Anta Sports Products Ltd., is considering an initial public offering of Amer Sports, according to people familiar with the matter. This could also benefit the company and help the Chinese stock move to higher grounds.
Anta Sports stock price today
As supply and demand traders, we do not need to pay attention to fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for stocks and ETFs.
Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
Join our supply and demand online trading academy If you want to learn how to trade stocks using our supply and demand trading strategy.
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