no idea what OTC:PNGAY is, but following trend with some other asia plays we like. monthly wicking off support. if we can get a break above 3D rsi, this should really run.
I am not so concerned about its property exposure since all big local banks in China have loans with the property developers. It is negligible at 1 over % compared to its insurance, tech, etc businesses. As a corporate, while its dividend of 8.8% may seems attractive, there will be a capital withholding tax of 17% compared to 8% net from LINK REITS. Of course...
Revenue: $156.2 billion Net Income: $14.7 billion Market Cap: $114.8 billion 1-Year Trailing Total Return: ~7.5% Exchange: OTC Markets According to Investopedia, it is the 3rd biggest Chinese company and in the top 5 insurance companies in the world Ping An Insurance provides insurance, financial services, and banking. It is one of the top 50 companies...
ladies and gentlemen , i recommend you to buy until the target SSE:601318
It's the ability to believe in the unpredictability of the game at the micro-level and simultaneously believe in the predictability of the game at the macro level that makes the casino and the professional gambler effective and successful at what they do.
Strong acceleration 14 june, then a small stagnation, if we have a rebound of the moving average we buy.
25th June 2022 Continue to hold for those who follower who have entered last week. Next level, we are eying 50% fibo at the price of 57/58. Break above 50%, we eye 61.8% (which is possible which bullish bias on both HSI and China market)
Supported by 38.2% Fibo + Ascending uptrend line since 2009 GFC. Worth to take a risk. SL: Below $45 Trade safe
Could it be the last point of supply? If it breaks that orange trend line it will may make one BIG distribution..
After 2318.hk reaches its low at 15 March 2022, it exhibits strong breakaway gaps with strong volume on 17 March 2022. From 18 March 2022 to 1 April 2022, it exhibits the pennats pattern, and finally breaks through and reaches a closing price 59.25 on 4 April 2022. Moreover, the 100-day MA changes from decreasing to flatten now. We will see if it continues exhibit...
Since the breaking out of the descending triangle on 6th Jan 2022, the up trend is confirmed with the Ichimoku heading for a three bullish crossover. However, some weakness is observed at HK$60.90 immediate resistance thus we can take this opportunity to buy at support. DM+ is seen sloping upwards while DM- is seen sloping down below the Average directional index....
Price has long consolidated between $70 - $100. Which dipped to $50 recently. With a breaking of the downward trending, Ping An is most probably reversing from current area with the upward trend line to be the support where we should see price to go above 70 and fall back down shortly to $62.50 before the next wave up for share price to go back into the long...
www.businesstimes.com.sg 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...
My first wyckoff distribution prediction got success, but now what? Is it gonna directly start accumulation?
Experience has taught me that when solid companies are on discount.... buy them and don't let go! A solid 5% + Dividend... Cost barely above book value, Insider purchases, company buybacks... are some of the reasons this looks like its time to buy. This is a great set up for a trade and for a buy-and-hold Double bottom as the stop loss Entry: HKD...
The market continues to decline at the moment, You can see movement going up but no force. The best idea is to sell more. I don't recommend buying now
PING AN (2318) Analysis Forecast: Expect price to stablise and retest HK$79-80.00 area Analysis is For: Single Stock Tactical Allocation (Greater China Market) Swing Trading - Generate Portfolio Alpha Supporting Technical Observations: 1. Trading at Resistance-turned-Support and High Volume Node Levels 2. Hammer Pattern 3. Fund Flow Index (FFI), Positive...
monitor and enter long...nothing much to lose as long as China still has an ageing population which requires asset management and insurance services.