Ping An Insurance - A fintech Play
Updated
businesstimes.com.sg/companies-markets/ping-ans-oneconnect-launches-us-ipo-of-up-to-us504m
This is what I would be watching closely as well.
If you understand how insurance works, it is a fantastic business model of risk and rewards.
By collecting regular premium from life insurance products and reinvesting to make greater profits, the risks of payout is smaller over a long period of time is smaller compared to what is collected.
Despite the good profits declared, the share price dropped , creating a good buying opportunity for us. See chart for explanation.
This is what I would be watching closely as well.
If you understand how insurance works, it is a fantastic business model of risk and rewards.
By collecting regular premium from life insurance products and reinvesting to make greater profits, the risks of payout is smaller over a long period of time is smaller compared to what is collected.
Despite the good profits declared, the share price dropped , creating a good buying opportunity for us. See chart for explanation.
Note
An inverse Head and Shoulder pattern has formed here. We are adding long on this stock now.
Note
Praise Lord. Congrats to those who followed. It is facing the resistance level at 95.80 the 6th time. Would we see a breakout ? I also dunno, haha. Let's watch and see end of week how it performNote
revisit the support at 85.95 where it continues to charge up several times. closed with bullish candles, may consider long tomorrowNote
see how strong the resistance is to this stock ? For 2 years, it failed to go higher with a few false breakouts only to disappoint late bulls with paper losses. Let's wait a while more and see how it developsNote
awaiting 77 price range to accumulateNote
we see a double bottom forming at 48 price level and I recently picked up some shares at 56.05Note
added some last nite
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