Buying factors: In the first two months of this year, orders from the main business have reached more than 60% of the annual pre-order production target. Among them, diesel engines, industrial pumps, hydroelectric generators, and high-voltage transformers have covered the production volume targets booked in 2009, including 18,000 diesel engines, 900 MW hydroelectric generators, and 400 million yuan industrial pumps, providing a good foundation for achieving the sales target for the whole year. Recently, Chongqing Electromechanical has officially become one of the constituent stocks of the MSCI Global Small and Medium Enterprises Index, which fully shows that its performance is growing steadily and its financial situation is sound.
Technically, it has risen above its major resistance level for 20 days. The MACD bear spread has narrowed, 9RSI has risen through the middle axis, and the trading volume has doubled to 120 million shares. Under strong support, it is expected to challenge the 1.6 yuan level.
Purchase price: 1.38 yuan (current price 1.41 yuan)
Target price: 1.60 yuan
Stop loss price: 1.25 yuan