ICBC presenting a good buying opportunity
Updated
Waiting for 3.98 price level where we can see a support in Oct 2020. It could also falls further to the Sept low of 3.44 to 3.74 level. No hurry, since bank stocks are not likely going to shoot up like the cryptocurrency.
The dividends are good and the fact that it is State owned means the Central Banks will not see to it going belly up. So, the last point is crucial as some form of cushioning. I am betting this more from longer term perspectives like 5-10 years or longer so getting them at various price points at minimal downside and relatively higher upside........
The dividends are good and the fact that it is State owned means the Central Banks will not see to it going belly up. So, the last point is crucial as some form of cushioning. I am betting this more from longer term perspectives like 5-10 years or longer so getting them at various price points at minimal downside and relatively higher upside........
Note
looks like it may revisit 3.98 before we see a reboundstocks like this requires long term investing and investors need to rebalance with portfolio of growth stocks to accelerate the returns
Note
added more last nightNote
wow, just realised it hit my prediction a year ago when I said it will revisit the low of 3.44 to 3.74. It went further down to 3.42 so this is a delicious price to add more.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.