Ping An Insurance - A fintech Play

2019年12月4日

businesstimes.com.sg/companies-markets/ping-ans-oneconnect-launches-us-ipo-of-up-to-us504m

This is what I would be watching closely as well.

If you understand how insurance works, it is a fantastic business model of risk and rewards.

By collecting regular premium from life insurance products and reinvesting to make greater profits, the risks of payout is smaller over a long period of time is smaller compared to what is collected.

Despite the good profits declared, the share price dropped , creating a good buying opportunity for us. See chart for explanation.

2019年12月11日

ノート

cnbc.com/2019/12/12/softbank-backed-oneconnect-slashes-ipo-lowers-target-valuation.html

2020年1月2日

ノート

An inverse Head and Shoulder pattern has formed here.

We are adding long on this stock now.

2020年1月6日

ノート

Praise Lord. Congrats to those who followed. It is facing the resistance level at 95.80 the 6th time. Would we see a breakout ? I also dunno, haha. Let's watch and see end of week how it perform

2020年3月2日

ノート

revisit the support at 85.95 where it continues to charge up several times. closed with bullish candles, may consider long tomorrow

2021年4月26日

ノート

see how strong the resistance is to this stock ? For 2 years, it failed to go higher with a few false breakouts only to disappoint late bulls with paper losses. Let's wait a while more and see how it develops

2021年6月6日

ノート

awaiting 77 price range to accumulate

2021年10月23日

ノート

we see a double bottom forming at 48 price level and I recently picked up some shares at 56.05

2021年11月11日

ノート

added some last nite