AFJK Rockets 37% as Retail Mania Drives Volatility

$Aimei Health Technology Co Ltd(AFJK)$

AFJK Soared +37.49%: Extreme Volatility at $44, Testing New Highs

Latest Close Data

Closed at $44.01 (EST 12/24), surging +37.49% from $32.01. The session high of $78.41 is 79.8% above the close, indicating massive intraday volatility.

Core Market Drivers

Extreme price action is likely driven by speculative retail interest, as seen in the 148.3% daily amplitude and high turnover rate (14.23%).

No specific corporate news was reported, suggesting momentum and technical factors are primary drivers.

Technical Analysis

Volume exploded to 871.2K shares (Volume Ratio: 3.48), confirming strong interest.
MACD (DIF: 6.98, DEA: 5.91, MACD: 2.14) shows a bullish crossover and expanding histogram.
RSI(6) at 58.53 is neutral, rebounding from near 50, indicating regained momentum without being overbought.

Key Price Levels

Primary Support: $30.94 (Today's low & opening price).
Strong Resistance: $44.05 (Previous resistance, now being tested).
Immediate Pivot: $44.01 (Current close). A sustained break above $44.05 could target the session high near $78.

Valuation Perspective

TTM P/E is extremely high at 223.38, far above typical health tech norms, indicating the stock is priced for speculative future growth rather than current earnings. P/B is negative at -78.33.

Analyst Targets

No institutional analyst target price data is available in the provided dataset.

Weekly Outlook

Expect continued high volatility. The key test is holding above $44. If broken and held as support, a retest of the $78.41 high is possible.

Failure to hold $30.94 support could lead to a sharp pullback towards the 52-week low of $6.75.

Risk Disclaimer

This analysis is for informational purposes only and not financial advice. Trading involves significant risk. The extreme volatility (148.3%) and high valuation multiples present substantial risk. Please conduct your own research and consider your risk tolerance.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.