Short Scalp: China Life Insurance (LFC) overbought with declining (60 min) momentum

Rationale: China Life Insurance (LFC 129.75) has an very extended pattern and suggests on the 60 min chart to display diverging momentum (MACD) and RSI. ADX numbers also have reached soaring levels. Watch for one more push up to test previous 130.93 high, then a potential break to the 60 min ema (123.36)

Target : 60 ema ( 123.36)

Stop: (131.25) above daily high