Contextual immersion trading strategy idea.
China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a short position from $35,86;
both the 13 (blue) and 34 (pink) Bollinger Bands are rising.
the 50 day MA (green) crossed up through the 200 day MA (red) in late July (gold vertical line); both MAs are now moving up.
the daily Williams %R is above -20 (see bottom panel); this indicates positive pressure.
based on these observations, $CHL could see more gains in the near term.