chinadaily.com.cn/a/201912/27/WS5e0539e9a310cf3e35580e66.html
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 is paying lots of attention and what US is trying to compete with China now.
cnbc.com/2019/11/26/5g-race-how-the-us-can-beat-china-in-the-competition-for-dominance.html
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 is paying lots of attention and what US is trying to compete with China now.
cnbc.com/2019/11/26/5g-race-how-the-us-can-beat-china-in-the-competition-for-dominance.html
Note
62.75 is acting as strong support now. Can consider nibbling itNote
pretty disappointing.... out of my watchlist for now
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.