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1.Exit Case: Vipshop Holdings Limited
Overview: Vipshop Holdings Ltd is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company's segment is sales, product distribution and offering of goods on its online platforms. The Company conducts its business through its subsidiaries and consolidated affiliated entities in China.
VIPS has been a part of the ‘Growth Model Portolio’ since 19 September 2024, however, considering the recent rally, trading near the resistance in the stock, support & resistance levels, and ~24.63% upside from the entry price, an ‘Exit’ is recommended from the stock near the resistance of USD 16.65, as on (30th September 2024).
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