Ping An Insurance (2318.HK): Bullish Trading Opportunity

Published On: 4 March 2024, 9:50 AM | Donny Lew, Assistant Manager, Dealing

Key Entry Price Pivot(s)
  • HK$35

  • Recommended Trade
  • Long at level HK$35, take profit at HK$39, stop loss at HK$33

  • Alternative Case
  • Short below HK$33, take profit at HK$30, stop loss at HK$35

  • Remarks
  • Looking at the daily chart of Ping An insurance, we can see that price has been in a upwards trend channel.
  • Currently, price is moving at the support level at HK$35 and we can potentially look for a long trade at this level in a lower timeframe with confluence such as a bullish bar at the support level with significant volume.