Star Stock: ChinaLife - Coming to life!

Immediate Resistance: 0.29
Immediate Support: 0.275

ChinaLife is currently in the 3rd wave. Wave 1 starts from 0.195 to 0.265, wave 2 ranges from 0.265 to 0.235. As a result, wave 3 target price will be 0.345. However, wave 3 is usually the longest among all the waves, therefore in order to confirm that it is heading towards the target price, Chinalife will need to clear the 0.285 resistance, which is the previous high on 24th and 27th Mar. Failure to do so will result in a double top formed, a bearish signal for it to test the 0.275 support.