1. Exit Case: MINISO Group Holding Ltd (NYSE: MNSO) 

Overview: MINISO Group Holding Ltd is a China-based holding company mainly engaged in the development, retail and wholesale of lifestyle and pop toy products featuring intellectual property (IP) design. The Company's brands include MINISO and TOP TOY.

MNSO has been a part of the ‘Growth Model Portolio’ since 17 October 2024, however, considering the recent rally, trading near the resistance in the stock, support & resistance levels, and ~34.04% upside from the entry price, an ‘Exit’ is recommended from the stock near the resistance of USD 20.32, as on (04^th November 2024).

MINISO Group Holding Limited (NYSE: MNSO), 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 17th October 2024.

1.2 MINISO Group Holding Ltd (NYSE: MNSO)

2. New Entry Case: PDD Holdings Ltd (NASDAQ: PDD) 

Overview: PDD Holdings Inc. is a multinational commerce company that owns and operates a portfolio of businesses. The Company is focused on bringing businesses and people into the digital economy, which benefits local communities and small businesses from improved productivity and new opportunities. The Company has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.

Technical Analysis: The Relative Strength Index (RSI) over a 14-day period stands at a value of 43.87, currently recovering from higher levels, with expectations of a consolidation or an upward momentum once USD 110.00-USD120.00 important support holds. Additionally, the stock's current positioning is below both the 50-period SMA and 200-period SMA, which may serve as dynamic short to medium-term resistance levels.

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 121.16, as on (04^th November 2024).

2.1 Support and Resistance Summary as on 04^th November 2024

2.2 One Year Technical Price Chart (NASDAQ: PDD)

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 (04^thNovember 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 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.