*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
ZTE Corp the sleeping giant in telecom industry finally waking up.
Falling wedge pattern shown on chart project a target of around 60, 50% return opportunity.
The bullishness is also double confirmed by MACD golden cross on daily.
Buying on breakout provides a risk reward ratio of 1:8
#NOT FINANCIAL ADVICE#
After todays market session price has approached significant and multiple support level. RSI is at very low now. Company latest earnings and political tech-related tensions sent price down quite enough.
Continuing this series of Chinese A-Shares, I have identified another company that I saw almost all the time in the city which I have visited. This company is called ZTE (symbol: 000063).
It also has the personality traits and price behavior that I like that should make a good investment for the year 2020.
Thus, I have taken a long position in ZTE.
I entered...
HKEX:763 has saw its supply drying up and jumped above across the creek today (asumming it closes above HK$13.58).
The stock is immediate upside objective is HK$16.00, previous resistance.
