Yankuang Energy (01171.HK): Some friends in the community are asking when it will hit HKD 20? Yankuang Energy's current price is HKD 15.24.

$YANKUANG ENERGY(01171.HK) The short-term trend has stabilized, but there is still a significant distance from HKD 20. At this stage, it is not possible to directly anticipate a rise to that level. Looking at the daily chart, the stock price has gradually recovered from recent lows and is currently standing above the 5-day moving average at HKD 14.57, the 10-day moving average at HKD 14.57, the 20-day moving average at HKD 14.82, and the 60-day moving average at HKD 14.06, reflecting an improvement in short-term sentiment.
However, the stock price has only just returned to the vicinity of the 30-day moving average at HKD 15.24. Immediate resistance is already seen at HKD 15.35 above, indicating the current phase is still one of consolidation and testing for a breakout after the recovery, not yet a full transition to strength. The middle band of the Bollinger Bands is at HKD 14.82, and the current price has returned above it, showing a more stable trend than before. However, the upper band at HKD 16.23 remains the next important resistance zone.
The Relative Strength Index (RSI) has rebounded, showing improved momentum, but no very strong acceleration signals are visible. Therefore, while there is a chance for further upside in the short term, it is still necessary to first observe whether it can gradually break through the resistance levels above.
If the stock price can stabilize above HKD 15.24 to HKD 15.35, the next step could be a test of HKD 16.23. If it breaks through further, it would then have the conditions to challenge the previous high near HKD 17.42. In other words, a more reasonable technical view at this stage is not to directly ask when it will reach HKD 20, but to first see if it can break through the key levels of HKD 15.35, HKD 16.23, and HKD 17.42 step by step. Before breaking through these resistances, HKD 20 remains a later-stage target.