Stock is breaking 52 week highs, with a long-sustained trend with the 50 day SMA above the 200 day SMA. China explosive growth coming back? I would think so.
www.chinadaily.com.cn
From a high of 88 in March 19, it has fallen to a low of 58 in early Dec this year. It has now break out from the descending channel on 16 Dec 19 and there is more upside to come.
The 5G technology drive will benefits the few big Telco players in China, China Mobile being one of them. This is one of the key areas that the Central Government...
The large operator has built more than 50% of the 5G base stations in the world.
In July 2021, China Mobile announced that the power consumption of the 5G base station had been reduced to a figure amounting to about three times that of the 4G base stations, about 1900W. The energy consumption of a single station was more than four times that of a 4G station in...
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If you have to own one name today right now, this is IT. Boring old cash rich China Mobile has been trading in this channel since 2009 and this is the 3x time 941 is testing the lower end of the range. There is 5% to pick up before it hits the 1st resistance and potentially +35% if it tests the top of the range. To sweeten the deal, if you hang on till the end...
