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Wednesday, 14 August 2019
China Taiping Insurance (HKSE: 0966): 14 August 2019, Wednesday
China Taiping Insurance (HKSE: 0966):
14 August 2019, Wednesday (Click on the Technical Chart Above to Expand)
Attached is the Technicals of China Taiping Insurance Holdings, in line with my projection that many insurance companies will do very well with the massive flood of monies as a result of currency war which is the next phase of war after trade war. China Taiping has strong uptrending chart technicals. It is what I consider as strong uptrend. It had spent 2018-1H2019 in retracement and the retracement is ending. China Taiping, like many insurance stocks, is preparing for upmove of at least +50% to +100%. It is approaching the blue circled region soon. Use the Hong Kong volatility of 2H-2019 to buy on precious golden dip. While most people are pessimistic of Hong Kong, I am actually optimistic and positive on both HK and China.
Donovan Norfolk Technical Rating: Bullish (Retracement is ending -- at a time when most people are bearish on HK & China now, and most people are supposed to be wrong)
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