Technical Pulse – China Life Insurance Co Ltd November 15, 2019 436

China life insurance Co Ltd (HK: 2628) may have a last reversal before resuming its bullish trend based on the technicals below:

  1. Price has broken out of the larger falling wedge pattern in late October. This signifies a renewed bullish action.
  2. Smaller corrective wedge pattern has been formed.
  3. 22 and 200 SMA has performed a bullish crossover, strengthening the case of a bullish continuation.
  4. Prices has been trending above all 3 major moving averages.


Bollinger Bands

Red dotted line = 200 SMA

Green dotted line = 22 SMA

Blue dotted line = 50 SMA

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