Shanghai/​Shenzhen Connect Ideas: Ping An & Wuxi Apptec (2019-07-05)

Ping An (2318 HK): Better H1 Results On Lower Tax And Higher Gains; But Concern Over Future Growth

Ping An Insurance (2318 HK): A Better Business Today, But Are Investors Being Paid For The Risks

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

Ping An Insurance (H) / Technical Analysis

<a href="https://www.smartkarma.com/entities/ping-an-insurance-grp-co-of-china-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:12880:1">Ping An Insurance (H) (2318 HK)</a> is approaching macro resistance at 97 on the back of deteriorating buy volume as this safe haven begins to see rally exhaustion signals. This up leg has been accompanied by weaker buy volumes and typically an unstable signal with a bearish undertone that leads a corrective cycle.The expected pullback cycle shows clear pivot support near the summer lows that will act as a fresh buy point with a tight stop. Below this critical support would induce a deeper correction back to the 80 macro bull/bear axis.Weekly cycle lead indicators do exhibit minor divergence but forming a macro bull wedge if downside supports hold and would set a more bullish tone to challenge and clear macro resistance at 97.Pivot levels, macro rally projection and deeper pullback targets show a great deal of synergy.

Ping An Insurance (H) (2318 HK) is approaching macro resistance at 97 on the back of deteriorating buy volume as this safe haven begins to see rally exhaustion signals. This up leg has been accompanied by weaker buy volumes and typically an unstable signal with a bearish undertone that leads a corrective cycle.The expected pullback cycle shows clear pivot support near the summer lows that will act as a fresh buy point with a tight stop. Below this critical support would induce a deeper correction back to the 80 macro bull/bear axis.Weekly cycle lead indicators do exhibit minor divergence but forming a macro bull wedge if downside supports hold and would set a more bullish tone to challenge and clear macro resistance at 97.Pivot levels, macro rally projection and deeper pullback targets show a great deal of synergy.

Ping An Insurance (H)

Ping An Topside Sell Zone