mid-cap

Value Model Portfolio Rebalancing EXIT (NYSE: VIPS) and ENTRY (NYSE: IMAX)

Sep 30, 2024 | Team Kalkine

Read Time :5 min

Value Model Portfolio Rebalancing EXIT (NYSE: VIPS) and ENTRY (NYSE: IMAX)

VIPS:NYSE

Investment Type

Mid - Cap

Risk Level

Action

Rec. Price (US$)

IMAX

Investment Type

Small-Cap

Risk Level

Action

Rec. Price (US$)

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 (30^thSeptember 2024).

Vipshop Holdings Limited (NYSE: VIPS), part of Kalkine’s US Growth Model Portfolio, has reached near its resistance level around which an exit case emerges.

1.1 Support and Resistance Summary as provided in our last published report dated 19 September 2024.

1.2 Vipshop Holdings Limited (NYSE: VIPS)

2. New Entry Case: Imax Corporation (NYSE: IMAX)

Overview: Imax Corporation is a premier global technology platform for entertainment and events. Through its proprietary software, auditorium, architecture, patented intellectual property, and specialized equipment, the Company offers an end-to-end solution to create content experiences.

Technical Analysis: The Relative Strength Index (RSI) over a 14-day period stands at a value of 51.14, currently upward trending, with expectations of a consolidation or an upward momentum once USD 19-USD20 important support holds. Additionally, the stock's current positioning is between both the 50-period SMA and 200-period SMA, which may serve as dynamic short to medium-term resistance and support levels respectively.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook an ‘Entry’ is recommended in the ‘Growth Model Portfolio’ at the current market price of USD 20.43, as on (30^th September 2024).

2.1 Support and Resistance Summary as on 30^th September 2024

2.2 One Year Technical Price Chart (NYSE: IMAX)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (30^th September 2024). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not consider the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.

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