Bullish
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...
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.
Benefiting 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....
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...
China 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)
