Apparently, based on the daily chart, this bank has fooled traders a total of 6 times to long the stock. But if you calculate the value of the share price, ie. bought at 5.59 on 31 Oct 19 and you hold till now, your paper loss is (5.59 - 5.23) = 0.36 which is very insignificant. With China now re-opening its economy, banks will be busier than before. After all,...
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED may go down
industrial and commercial bank of china.. short for the next weeks... -but if the price goes up and breaks the mov av 200..thas means the trend is strong..and the nearest resistance is level 6.06 It is a weekly chart so will take a long time to see those scenarios
! Attention ! the bank of china limited's stock is definitely plumiting to the 4.70-4.72 price range and it will ,,, definitely ^_^ !
whit for back test the trend and you can buy it or if you see two next candel you can buy it
My only full analysis. Industrial and Commercial Bank of China(01398.HK) For example, capital $1000 Chart Pattern. The bottom is likely to be in established in 2016 because we can clearly see another “ABC correction” completed on the chart. This time creating a higher low. Also, with positive trade war news and rates lowered, we could see a confirmation of a...
ICBC expected to rise up to 1st resistance at 5.44 where it could potentially react off and drop down to 1st support at 4.82. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
We had previously analysed both the China’s Index and Tencent. Looking at ICBC Chart, there is a high probability trade setup and we will be looking to take advantage of it to gain some exposure to EMs. What we like about this chart: 1. 5.12 region is a super strong support that gotten tested – touch and go, strong buyers came in to support and push the price up...
Trenches below supporting the price We have a resistance preventing the price from moving upwards. Once 5.8 is clear, it would easily fly. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before...