Zhejiang Jinke Tom Culture Industry Co., Ltd.

What is 300459?

Zhejiang Jinke Tom Culture Industry Co., Ltd is a China-based company engaged in Intellectual Property (IP) ecological operation with 'Talking Tom and Friends' IP as the core. The Company's online business mainly includes mobile Internet application distribution business and animation film and television business, which are based on the IP image and content of “Talking Tom Cat family” to create leisure mobile applications, animation, series of short films, mini-series and other animation and television works.

Is 300459 a good pick?

The video game industry is very advanced and it is very difficult to maintain sales with good profits this is something that this company has achieved for many years but in the sector that there is much to grow in the metaverse, there is still not much information about what this company plans to do but it is expected to be something good.

Technical analysis

From December 06, 2021, to December 17, 2021, the share price increased 38%, after China injects US$188 billion of liquidity into the national stock market. Then 300459 went down -16% due to high inflation data in the United States but it was recovered on January 19, 2022, to US$6.19. From January 19, 2022, to February 07, 2022, the share price fell -26% due to concerns over coronavirus. After 3 days, Zhejiang Jinke Tom recovered 15% but today the share price fell 7% to US$4.83.

According to current technical indicators, on the MACD we can see that it looks like it is going to reach a trend reversal, the share price could increase 14% to $5.54 touching 0.236 resistance.