Ping An Insurance (2318. HK): Trading Opportunity

Published On: 24 March 2023, 6PM | Donny Lew, Senior Dealer

Trade Set-up:

Looking at the daily chart of Ping An Insurance(2318.HK), we can see that price has formed a lower low and is in a downtrend. 

Trade Execution:

We can look for shorts if price move toward and rejecting the resistance level at HK$58.

However, a break above the highs of HK$58 may signal and overall shift to the upside and we may look for longs upon retracement. 

Disclaimer 

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