Tag: China Telecom

CHINA TELECOM   Stock Code 0728.HKE

Outlook

Price broke and closed above the cloud, changing the chart outlook to bullish. A bullish conversion and base lines crossover is likely, hinting at potential upside ahead. MACD has turned bullish and is rising after having a bullish crossover. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. We are likely to see price continuing to move higher the price target at HK$3.00 in the next 1-2 weeks.

Strategy

$2.80                 Buy

$3.00                 Price Target

$2.70                 Risk Management Stop

2 weeks             Trade Duration

CHINA TELECOM   Stock Code 0728.HKE

Outlook

The chart outlook of the stock price remains bullish as price is trading above the cloud. Conversion and Base lines remain in a bullish crossover from earlier, hinting at a bullish price trend. Base line is acting as support to price at the moment. Lagging Span is above the price of 26 days ago and the cloud, confirming the bullish price trend. MACD is strong and bullish and a bullish crossover is likely. We are likely to see price continuing to move higher to HK$3.43.

Strategy                  

$3.13                 Buy

$3.43                 Price Target

$3.00                 Risk Management Stop

2 weeks              Trade Duration