Supported by 38.2% Fibo + Ascending uptrend line since 2009 GFC. Worth to take a risk. SL: Below $45 Trade safe
www.businesstimes.com.sg 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...
1. Uptrend line (Long-run): Lining up bottoms of 2016 and 2020. 2. Fibonacci retracement: 61.8% of latest uptrend (Mar 2020 - Jan 2021) 3. Former tops: In monthly chart, ~79.50 was the top of consolidation area in 2H2020. Trades: A) BUY - hold and wait for actual buy signals (above 9EMA, MACD cross, ROCxSROC) B) SELL - short it when price touch 9EMA
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Ascending Triangle breakout one after another Bullish on PING AN insurance
2318 is a leveraged financial play on the Chinese economy which is not doing very well at the moment. The stock has been consolidation in a range between $68 to $80 from July 2018 to today. Stock is back at the top of the range which suggest there is an asymmetrical risk reward trade set-up. Technically speaking, it is worthwhile to remember 2318 completed a...