NYSE:CHL   CHINA MOBILE LTD SPON ADR REP 5 ORD HKD0.10
CHL is in an bullish impulse move. Price broke Wave 1 and it is currently in a Wave 3 of 5 pattern.
Minimum target is the 100% extension of Wave 1 which is 45-46.
Trade active: CHL continues to move in the bullish direction. I have added a line to the start of the impulse wave a Wave 0 to Wave 2. Wave 3 remains in play if price remains above the trendline that is derived from Wave0 and Wave 2. Maintain 45-46 as my minimum price target with 48-49 as a 1.618 target.
Trade active: I overlooked to provide updated image

Trade active: Nice move in CHL above 44 to a high 44.68. Maintain my minimum target of 46 with realistic move to ~49. Full transparency, I hold Mar20 $45 Calls.
Comment: CHL continues the impulse move. CHL rapidly approaching 45. Maintain prior target of 46 with a realistic move to ~49
Trade active: With all the bad press on the Corona virus, it would obviously have an impact on CHL. It is possible that we just completed a Wave 4 corrective wave. I have some doubts but I remain committed to the 46 target in CHL
Trade active: CHL is in the later changes of forming Wave 4 triangle pattern. Impulse move is in t he horizon.

Comments

Virus hasn't had much affect on this bad boy thinking that more people are staying home and needing a phone? I think we will see $46- $47 in a week or by the 21st of this month. Ridgewood Investments raised its Stock position on CHL. So this will be exciting!
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@t3rd, I continue to hold my Mar20 45 Calls that I purchased for .50. I will give it a couple of more weeks for the move before I consider exiting my remaining calls.
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I really enjoyed this chart Ray hope that you post some more on other stocks! looking forward!
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@t3rd Thanks! Be sure to Like the post! Thanks again!
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