China Life Insurance (2628-HK) - Strong Upside Breakout

China Life Insurance reported that 2018 Gross Premium Income rose 4.2% YoY to 536.2B Yuan. Morgan Stanley pointed out Chinese Insurer Stocks have Already Priced in Market Risks. The Sector's Valuation is Expected to have Bottomed. China Life Insurance share price has surged pass a declining trend line. Above Key Support at HK$16.75, upside Targets at HK$18.95 and HK$20.35.