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Ping An Insurance (Group) 2318 HK: Expect Further Price Marking Up as China Stock Market Recovers

 

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


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