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100dollar

Ping An Bank broken downward trend

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PING AN INSURANCE(GROUP)CO.OF CHINA (HKEX:2318)  
100dollar  
HKEX:2318   PING AN INSURANCE(GROUP)CO.OF CHINA
Trend Analysis Chart Patterns Fundamental Analysis Stocks
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trendanalysis chartpattern fundamental stocks
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 consolidated zone.

TP1 : 70
TP2: 95.9
Final Target : 125
Penafian

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