ICBC presenting a good buying opportunity
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........
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added more last night
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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.
stocks like this requires long term investing and investors need to rebalance with portfolio of growth stocks to accelerate the returns