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hiker

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Reply with quote  #1 
updates have been posted here in other threads a few times since prior to the breakout move above the 2003 high of $35.46 in 2005....

http://stockcharts.com/gallery/?LFC

today's volume is the largest seen in many months

note the PnF breakout failure, since price closed below the May 16th breakout price indicated on the PnF chart...
one other PnF breakout in 2006 behaved this way with what turned out to be a 3-box reversal consolidation immediately following a PnF breakout alert.

today's price action filled the opening gap

on the weekly chart...note the trend in MFI and RSI as price has advanced in recent weeks...and note the weekly ADX 14 is at historic highs.

April news about this sector in Asia -

http://yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?storyID=urn:newsml:reuters.com:20060427:MTFH24589_2006-04-27_09-50-25_HKG153893&symbol=UBSN.VX&rpc=44



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hiker

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Reply with quote  #2 
6/8 later intraday update, as of 12:35 et -

PnF chart alert in recent action today signaling the first bearish pattern in a very long time for LFC....let's see if it can close above $57.50 area of importance.

6/8 intraday update -

http://stockcharts.com/gallery/?lfc

note the price action relative to the potential significant pause point (historical support) on the PnF chart...if downside continues below $56.99, the bullish PnF pattern may be threatened, which would represent a major change from the price action seen in the weekly chart for a very long time.

downtrend line is in play on the daily, and 5-box reversal within a bullish pattern is in play on the PnF chart...note the volume trend.

note price action relative to the support trendline on the weekly chart



may want to set an alert for $57.50 and the 50-day sma or ema which reside below 57.50, and which have not been seriously tested in months....this is a play on the growing wealth in Asia that accounts for the growing demand for annuity and insurance products.


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hiker

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Reply with quote  #3 
6/23

http://stockcharts.com/gallery/gv?lfc

basing action here?

PnF remains in a bearish pattern

50-day sma remains above




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hiker

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Reply with quote  #4 
8/18 intraday -



Bull of the Day at Zacks.com on Aug 15th...the all-time high followed on Aug 16th -

http://zacks.com/newsroom/commentary/index_pdf.php?id=3453

                                                                                                                                                                                                                                                       
                                        Bull of the Day for Aug 15, 2006                                        
                                                China Life Insurance (LFC) - Intriguing Valuation                                                

We think its current valuation does not fully reflect its growth prospects.

                                       
                                                                       
                                About Zacks Bull of the Day                                

The Bull of the Day is one of the latest Buy recommendations from Zacks Equity Research. Utilizing a combination of quantitative models and the insight of experienced equity analysts, Zacks Equity Research identifies the stocks most likely to outperform the S&P 500 over the next six months.



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hiker

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Reply with quote  #5 
8/22 intraday -

new historic high today for LFC


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hiker

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Reply with quote  #6 
8/23 intraday -

the bottom of the bullish gap is marked with a horizontal line so it is evident that it is near the current value of the 20-day ema:

this price area may represent the minimum risk to remaining long..while exiting too early in a persisent rising trender is likely the greater risk.

note the price action over time relative to the 20-day ema




has room for some more analyst coverage over time:

UPGRADES & DOWNGRADES HISTORY
DateResearch FirmActionFromTo
19-Apr-06Deutsche SecuritiesDowngradeHoldSell
10-Feb-06JP MorganInitiated Overweight


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hiker

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Reply with quote  #7 
8/25 intraday-

today's low so far is marked

the bullish gap below remains unfilled so far




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hiker

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Reply with quote  #8 
9/20

the 6-month price target of $80 provided by Zacks.com on 8/15 in post above was reached today.

new historic high today...mentioned favorably on CNBC today after the close in "Fast Money" show...public awareness of this stock continues to increase:




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hiker

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Reply with quote  #9 
9/22 intraday -

new historic high...the daily PSAR continues to work for stop management...the weekly PSAR value is below:

note the RSI and MFI, and the second chart (I sold some of the long position today)





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hiker

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Reply with quote  #10 
11/17 intraday

trading was suspended earlier this week in Hong Kong for this stock equivalent in HK because:

China Life was expected to be part of a consortium to be revealed on Thursday that would pay US$3 billion for 85 percent of Guangdong Development Bank. China Life's stake would be about 20 percent, sources have said.

http://biz.yahoo.com/rb/061116/financial_china_citigroup.html?.v=9

new historic high today...a routine event with LFC






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hiker

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Reply with quote  #11 
11/27 intraday

recent LFC news -

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20061124:MTFH26782_2006-11-24_05-18-24_HKG152852&type=comktNews&rpc=44

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20061123:MTFH06364_2006-11-23_08-02-45_SHA140598&type=comktNews&rpc=44

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hiker

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Reply with quote  #12 
11/28 news about Chinese stocks -

http://biz.yahoo.com/ap/061128/chinese_stocks_sector_snap.html?.v=1


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hiker

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Reply with quote  #13 
12/18 intraday -

new historic high today...note the ULT and price action vs. upper BB -







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hiker

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Reply with quote  #14 
12/22 intraday

long tail up pattern alert today on the PnF chart -

http://stockcharts.com/charts/gallery.html?lfc


LFC ipo in Shanghai news -

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20061219:MTFH83017_2006-12-19_00-10-32_SHA124038&type=comktNews&rpc=44

article excerpt -

An indicative price range will be established on Friday, institutional subscriptions to the offer will be accepted next Monday and Tuesday, and retail subscriptions will be accepted on Tuesday, the company said.

The final price and results of the offer will be announced on Thursday next week, the day on which the company will start returning to investors the subscription funds frozen for the IPO.

China Life expects to list on the Shanghai Stock Exchange on Jan. 11 at the latest, the official Shanghai Securities News said.




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hiker

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Reply with quote  #15 
1/30/07 prior to the market open -

Reuters - 3 hours ago

China Life Insurance Co.  estimated on Tuesday that its 2006 net profit jumped over 50 percent, riding on a 14.22 percent rise in insurance premium income and strong investment returns.



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