I seldom made any recommendation about companies in Hong Kong, but I just accidentally observe a great setup with
1299
which I think could be a great long target in short term.
I dont think we need any introduction of AIA, one of the largestest insurnace giant in the world. Its stock price has trading within the same 20% range for almost a year.
Since late 2020, its has formed some uptrend price action and been gradually getting strong support inside an upward tunnel. I like that it has formal a strong double base at around $93 and is now breakthru 100 within 10 trading days.
Its earning release is coming, with the current price action and 2:1 risk reward ratio (cut lost @ 93 / take profit at 115), it appears to be a great target to add into my position.
1299
which I think could be a great long target in short term. I dont think we need any introduction of AIA, one of the largestest insurnace giant in the world. Its stock price has trading within the same 20% range for almost a year.
Since late 2020, its has formed some uptrend price action and been gradually getting strong support inside an upward tunnel. I like that it has formal a strong double base at around $93 and is now breakthru 100 within 10 trading days.
Its earning release is coming, with the current price action and 2:1 risk reward ratio (cut lost @ 93 / take profit at 115), it appears to be a great target to add into my position.
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