After placing the low of the blue wave (ii) at the lower border of the orange target zone between $10.10 and $11.32, China Life Insurance's share price initially rose to the upper border of the target zone last week, gaining over 12%. However, the price has not yet been able to sustainably break out of the zone, causing it to bounce and fall again. As a result,...
Buy @16 with SL of 12 and target of 38
CHINA LIFE INSURANCE : Will Come Back Next days To Rise I Advais You to Buy Target : 47.50 CNY Stoop Loss : 42.75 CNY
Looks like a potential trade. Target 41 then 44 Good luck
Overall view is bearish, price is holding below our descending trend line and facing bearish pressure from our resistance. A break below our first support at 17.20 could trigger a further drop.
If we break 28.48 with force, there is a very good chance that we will hit 29.54 Thank you