Trade Idea: Dongfang Electric (HK)

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Company profile: Dongfang Electric Corporation Limited manufactures and sells hydro and steam power generators and AC/DC electric motors. The Company also provides repair, upgrade, maintenance, and other services for the products.

Summary: weekly – buy. For more details please see the Technical Outlook of 2 October.

Parameters:

  • Long ≥ 12.27 (limit, GTC)
  • Target: 17.00 (+38.55%)
  • Stoploss:  10.95 (-10.76%) 11.65 (-5.05%) 12.27 (0%) 13.00 (+5.95%) 13.70 (+11.65%)
  • Time frame: weekly
  • Country: HK (ticker: 1072)
  • Cash Dividend: 0.0990 CNY
  • Dividend Indicated Gross Yield: 1.18%

Status/Updates:

  • Pending entry – trigger not hit
  • trigger hit, position open @ 12.27
  • 5 Nov 2013, stoploss raised to 11.65
  • 12 Nov 2013, stoploss raised to break even
  • 10 Dec 2013, stoploss raised to 13.70
  • 11 Dec 2013, trailing stop hit, exit long (+11.65%)

Weekly chart:

dongfang_15okt2013

Tags:

Category: Closed Trade Ideas