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William-trading
Feb 8, 2022 5:18 AM

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

PING AN INSURANCE(GROUP)CO.OF CHINAHKEX

Description

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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