AIA Group Limited (1299.HK): Trading Opportunity
Published On: 6 March 2023, 9:15AM | Alex Lee, Senior Dealer
Looking at the daily chart of AIA Group Limited, we can see that price has formed a lower low and is in a downtrend. Currently, price is rejecting the sell level at HK$88.70.
We can look for shorts if price continues rejecting the sell level at increased volume which serves as an indication that price has resumed its momentum to the downside and we may see price extending towards the buying level at HK$72.80.
However, a break above the highs of HK$93.65 may signal and overall shift to the upside and we may look for longs upon retracement.
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