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William-trading

Ping An (2318.HK) - Buy at minor correction

Long
PING AN INSURANCE(GROUP)CO.OF CHINA (HKEX:2318)  
William-trading  
HKEX:2318   PING AN INSURANCE(GROUP)CO.OF CHINA
Trend Analysis Supply and Demand Moving Averages
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trendanalysis supplyanddemand movingaverage
Since the breaking out of the descending triangle on 6th Jan 2022, the up trend is confirmed with the Ichimoku heading for a three bullish crossover. However, some weakness is observed at HK$60.90 immediate resistance thus we can take this opportunity to buy at support. DM+ is seen sloping upwards while DM- is seen sloping down below the Average directional index. As such, we believe overall trend is tilting towards the bullish side.
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