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

Published On: 11 August 2023, 4.50 PM | Donny Lew, Senior Dealer

  Key Entry Price Pivot(s):
  • 48.50
Recommended Trade:
  • Long when it pull back to support level 48.50, take profit at 57.50, stop loss at 45
Alternative Case:
  • Short below 44, take profit at 40, stop loss at 46
  • Ping An Insurance had recently broken out the downtrend channel.
  • We are waiting for it to pull back and found support at the 48.50.
  • We potentially look to take a long trade on Ping An Insurance when forming a bullish bar at the support level to continue the uptrend moving ahead.