dchua1969

Forward looking telco player

Long
dchua1969 Updated   
HKEX:728   CHINA TELECOM CORPORATION
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We have heard quite a fair bit about the upcoming 5G technology and how it is going to help us in terms of fast downloading , thus saving time,etc.

We are now living in a connected world where speed truly matters. More storage space, faster downloading, clearer image, etc. We want it and and we want it now. That's the stressful part of instant gratification. It becomes like a vicious cycle where customers demand faster turnaround and suppliers are competing with one another to churn out the next high speed device to counteract with its competition.

According to techrepublic.com, the top 3 countries with the most 5G networks are South Korea with 85 cities, China with 57 cities and US with 50 cities.

I believe the next decade we are going to witness a vast improvement in our communication and information sending and receiving.

The more advanced this technology becomes, the more I wonder if bricks and mortar business will have its footings , one decade from now ? How will the economy be like ?
Comment:
bullish engulfing candle as closing candle, very positive.
Comment:
maybe a good thing if it comes down to 2.00 support zone
Comment:
If you have not bought this stock, you may get it cheaper at 2.00 later.
Comment:
nice double bottom formed. can wait for 2.59 resistance to be break up, form a nice bullish signal before going long.
Comment:
adding more later
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