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.
An inverse Head and Shoulder pattern has formed here.
We are adding long on this stock now.
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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 perform
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revisit the support at 85.95 where it continues to charge up several times. closed with bullish candles, may consider long tomorrow
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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 develops
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awaiting 77 price range to accumulate
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we see a double bottom forming at 48 price level and I recently picked up some shares at 56.05