dchua1969

Ping An Insurance - A fintech Play

לונג
dchua1969 מעודכן   
HKEX:2318   PING AN INSURANCE(GROUP)CO.OF CHINA
www.businesstimes.co...-ipo-of-up-to-us504m

This is what I would be watching closely as well.

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.
הערה:
An inverse Head and Shoulder pattern has formed here.

We are adding long on this stock now.
הערה:
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
הערה:
revisit the support at 85.95 where it continues to charge up several times. closed with bullish candles, may consider long tomorrow
הערה:
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
הערה:
awaiting 77 price range to accumulate
הערה:
we see a double bottom forming at 48 price level and I recently picked up some shares at 56.05
הערה:
added some last nite
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