We are just below 13.72 a support that might be break and we will go toward 10.046 then 7.122 unless we close above 17.54
For the long term investors the Dividend yield is 10.64% but you should wait for 10.046 to start buying a little then buy again at 7.112
Monthly chart shows it is on a nice uptrend. Notice also on the 4th attempt, it breaks out of the 50% FIB level , retrace and is now going upwards.
www.insurancejournal.com
With the rising income, many foreign insurers are eager for a piece of the insurance market in China,e.g. AIA and AXA.
Bullish on mid to long term. See Daily chart
On a daily chart, one can consider buying when price close above 21EMA. I am buying small to test if it rebounds from the channel line and also think it might close up the gap as well.
If you own European Insurance, hold on to it!
AXA has been breaking out repeatedly, in sequence.
Very healthy sign, for a stock which has been showing momentum strength on all time frames.
Non holders should look at getting long towards the bottom of the current range, at about 23.50.
This should be feasible as the stock is looking slightly overbought at the...
Good power of price to fell short again. The best view is on H4 chart but I can't loading it for some reason. Possible deeper move the price but my first TP is on 19.0.
