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AIA

AIA - Preparing to Push HigherAIA broke out of the Bearish Trendline and tested the Initial Resistance level of $7.17 and stalled. Then it retraced lower only to backtest the breakout zone (Bearish Trendline), 200SMA and the Point of Control of Volume Profile. There is also High Bullish Volume and I think it is preparing to continue higher to retest Resistance level of $7.35 and then move higher to the next Resistance Level of $7.75. I am bullish on AIA and my targets are below: TP1 - $7.35 (potential 10%) TP2 - $7.75 (potential 15%) Stoploss - $6.45 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:AIALong
by AsimMirzaTrader
1
Nice setup with AIA (HKSE :1299)I seldom made any recommendation about companies in Hong Kong, but I just accidentally observe a great setup with HKEX: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.
HKEX:1299Long
by Squishybrain
Short term bearish, medium term bullish 1. On daily chart losing volume and overbought. 2. will probably come down to find support at $6.56 confirmed by following three indicators: a 50 MA b. Fib Level 0.236 c. high volume trade zone 3. Price consolidation zone is $6.17 to $5.67, good support level. 4. if support at $6.56 range fails then next major support is at $5.64. 5. I think my strategy would be: a. buy moderately at $6.51 range b. wait and see how trend settles, if it comes further down then expect support at $5.94 range and buy as much as I can Note: Please note these are my notes for my own future reference. By no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:AIAShort
by AsimMirzaTrader