monitor and enter long...nothing much to lose as long as China still has an ageing population which requires asset management and insurance services.
1) Multiple Support 2) Bullish pinbar 3) Stoch Oversold 4)Swing & trade range Entry: 68.95 TP: 99.7 SL : 66
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
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
This analysis is for a client. Looks good for a short as price has looking to break below recent low back in Feb 2021.
Price is approaching resistance where we could see a reversal below this level. Ichimoku cloud is also showing signs of bearish pressure as well, in line with our bearish bias.
Prices are facing bullish pressure from our ascending trend line and horizontal overlap support, in line with our 61.8% fibonacci retracement where we could see a further upside above this level.
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Hi, I am just starting and practicing the Wyckoff scheme. How about this 2318 Ping An's chart, is it going into the distribution part, or is it the re-accumulation part? Help me and tell me guys if there is a mistake or misunderstood. Regards
It looks PA comes to the pretty strong resistance line of a major tunnel that starts almost from 2008. Is it gonna short or correct its way? Or is it already crossed its resistance area? I think it would correct to at least 90, JPM long position decrease gives me this idea :P
Ascending Triangle breakout one after another Bullish on PING AN insurance
PING AN INSURANCE Will decline Next Week I Advais You To Sell The TArget Is 73.07 USD StoopLoss Is 78.84 USD
PING AN INSURANCE Will Rise Next days I Advais You to keep it or buy now target is 81 CNY Stoop Loss is 75 CNY