788-HK/CHINA TOWER. maybe is making a base. monitoring788-HK/CHINA TOWER. maybe is making a base. HL is seen but I still waiting for a HH. Keep monitoring #ARTTpick #KebayaTraderLongby calvincychin0
WATCH $788 BORING IS GOODBullish Fundamental - Moderate inflationary Macro environment in the EAST / Most still like to chase WEST high don't fancy EAST undervalued sentiment - Funds Accumulation - Positive PE - Decent PEG - Positive P/FCF - Top 50% Sector / Industry / Leader - Boring sector but think 5G & 6G Technical - - Momentum Theory Indicator - momentum bottomed making inverse H&S action - Price action formation ( deformed falling wedge ) - Price action losing diving momentum, price action is rotating anti clock wise indicating a trend reversal - Trend line pending break out - Price above 200MA - Price under POC - Broke out S.T - MACD bullish divergence making a H&S formation Entry idea - Entry idea was based on few confluences - Rejection / retest of the trend line / neckline - Price below 200 MA Stop loss depending on entry and risk appetite. But always set meaningful stops. "I have two basic rules about winning in trading as well as in life: (1) If you don't bet, you can't win. (2) If you lose all your chips, you can't bet." Cheers and happy trading! Longby nexxtrade1
recommend to watch and follow the movement.in weekly chart, it show double bottom. In daily chart possible a head and shoulder. left shoulder and head already form out. right shoulder waiting to confirm. by iampatrickcheongUpdated 0
China Tower Achieves CNY 42.67 Bn in Revenue in H1 2021Benefiting from the pulling effect of 5G construction, China Tower revenue and profit have gradually increased in recent reporting periods. On August 9, 2021, China Tower released the H1 interim performance of 2021. According to the financial report, the company achieved operating revenue of CNY 42.67 billion in the first half of the year, up 7.2% year-on-year. The net profit of the company reached CNY 3.46 billion, a year-on-year increase of 16.1%. At the same time, more surprising is that the company's capital expenditure has been reduced to CNY 10.36 billion, down 27.6% compared with the same period last year. Revenue from 5G is the driving force to its remarkable performance. Jilu Tong, the CEO of China Tower, said at the 2021 interim performance meeting that 5G contributed 64.1% to the company's revenue. In the first half of this year, about 256,000 5G construction projects were completed in China, of which 97% were conducted using existing towers, leading the whole work. China Tower has also drawn wide attention, with China Telecom and China Mobile returning to the A-share market one after another. For this rumor, the company responded that the company has no plan to return to the A-share market at this meeting. For full articles with the charts, please visit the original link.by EqualOcean0
5G Benefactor, SEHK 788?China's 5-year plan towards 5G and Clean Energy may stimulate both sectors over the short to medium term. China Tower has been a large benefactor towards the construction of 5G towers. Therefore, on a fundamental level, China's current price of $1.29 seems like an attractive level to enter. On a technical perspective, while the price action is showing that 788 is currently on a downtrend, it seems to have found support and bounced off the $1.20 level. For me to want a piece of SEHK788, I would ideally want the MACD crossover and stochastics to turn bullish. I will also want the price action to break above the blue line of 'lower lows'. Views are my own only, and should be meant for discussion and educational purposes only. Please make your own investment decisions!Longby cletibalsUpdated 2
HONG KONG STOCK FORECAST #78800788 CHINA TOWER TAICHI BOTTOM SIGNAL appears on 9/10/2020. Look forward it breaks above the downtrend line. Longby wayne33550
Start of a new trend for China Tower 00788Cross your fingers to wish for a new uptrend for hk stock #00788 by wayne33550
The foundation is almost done. The trend will be moving upward once HKEX:788 is above the triangle. One to one projection indicates that the price could reach $2.7 in coming years. Longby christmaslaiUpdated 116
What do you think?A new self-learner to the trading market seeking for advice. Thanks. by KTtheselflearner5
The Story of China TowerChina Tower has bottomed to 1.6 which is a mid point between 1.55 and 1.65 since its IPO. Today's rebound to 1.7 seems promising for it to break out. Price Action Targets First Target: $1.82 Second Target: $1.98 (if broken out of $1.88) Longby ChartstoriesUpdated 3
China Tower to test $1.65 supportChina Tower ( HKEX:788 ) is about to test previous low at $1.65. It has rejected resistance $1.93 twice. More conservative target would be $1.70. Shortby curious_ventureUpdated 1