China Mobile Ltd. (HKG:0941) HEFFX Highlights

China Mobile Ltd. (HKG:0941) HEFFX Highlights

China Mobile Ltd. (HKG:0941) HEFFX Highlights

China Mobile has announced completing a commercial deployment of 3D Multiple-Input Multiple-Output (3D-MIMO) in partnership with Chinese telecommunications technology solutions provider ZTE.

3D-MIMO, also known as Massive MIMO, has now been installed across China Mobile’s Quanzhou network, connecting 16 commercial terminals with a single-carrier downlink peak rate of 700Mbps and a three-carrier peak rate of 2.1Gbps.

China’s big three operators – China Mobile, China Telecom and China Unicom – added another 24.3 million 4G subscribers in May, boosting their total net additions during the opening five months of 2017 to 102 million.

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses and Wireline Broadband businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services. Data services include short message services and multimedia message services, wireless data traffic services and application and information services, such as Mobile Music, Mobile Reading and Mobile Video, among others. Wireline Broadband businesses include the provision of wireline broadband and related services. The Company also provides customer services, including phone bill enquiry, among others. The Company mainly operates businesses in Mainland China.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 85.20.

The projected upper bound is: 85.37.

The projected lower bound is: 81.94.

The projected closing price is: 83.65.

CHINA MOBILE closed down -0.350 at 83.700. Volume was 17% below average (neutral) and Bollinger Bands were 7% narrower than normal.

Open        High         Low          Close         Volume
83.850     83.950     83.450     83.700     12,357,669

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period         50-period     200-period
Close:                       84.14                84.82             87.33
Volatility:                12                      13                    19
Volume:                  12,684,068     13,733,972     14,386,490

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

CHINA MOBILE is currently 4.2% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of 0941.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on 0941.HK and have had this outlook for the last 5 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 56.1405. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 40.65. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 57 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -75. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 11 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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