Long Position on YSG @ $20.50 on 1/19/2021 (Fundamentals)

Yatsen Holding Limited (YSG) engages in the development and sale of beauty products under the brands of Perfect Diary, Little Ondine, and Abby's Choice in the People's Republic of China.

The company offers color cosmetics, eye makeup, lip makeup, face makeup, skincare, and nail products; makeup tools and accessories, including brush sets, cotton cosmetic pads, mirrors, and makeup sponges; kits; and other products, such as perfumes and cross-over products, including beauty devices and colored contact lenses.

The company sells its products through stores and online channel.

The company was formerly known as Mangrove Bay Ecommerce Holding (Cayman) and changed its name to Yatsen Holding Limited in January 2019.

After seeing a surge and dive, the stock should steadily see a rise in share prices.

Entry Point: $20.50

Trading Range: $15.17 - $21.66

Stop Loss: $18.55

Target Price: $23.00

Updates

2/5/2021 9:53:05 AM

YSG closed at $24.76

Position closed on 2/5/2021 at price of $24.76 with a 20.78% gain in 17 days.

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