Concord New Energy (00182.HK) Signals a Potential Reversal

Concord Energy, headquartered in Singapore, is a Chinese power generation company operating in mainland China, Australia, New Zealand, Spain, Italy, the USA, and Canada.

With global energy consumption on the rise, particularly in China and the USA, increasing electricity demand driven by data centers and AI computations is expected to benefit power generation companies.

This counter offers a 7% dividend yield, and the chart indicates a reversal test pattern. I maintain a positive outlook on this counter.