Ping An Insurance - Expecting Further Mark Up
HKD 49.15
Ping An Insurance (2318 HK) has shown a bullish breakout above the key resistance level, supported by an uptick in trading volume. The price has reclaimed the 13-day SMA (47.32), signaling near-term momentum strength.
Trading Management:
1st Target: HKD 52.35 (Fibo 1.618%)
2nd Target: HKD 57.00 (Fibo 2.618%)
Swing Trailing Stop: 13-day SMA (currently at 47.32)
Position Trading Trailing Stop: ATR(4,4) (currently at 42.37)
Initial Stop Loss: HKD 44.80 (below support level)
Disclaimers apply