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.
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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...
