In today’s briefing:
- China Yangtze Power: Negative Technical Analysis Signals
China Yangtze Power: Negative Technical Analysis Signals
- Following the earnings miss reported last month, China Yangtze Power Co, Ltd. (600900 CH) remains firmly amid an earnings downgrade cycle.
- With China Yangtze Power breaching overbought territory, near-term momentum indicators are displaying bearish signals.
- China Yangtze Power currently trades on a 17.6x NTM PE ratio, above its rolling 5-year historic average trading range.
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