China Mobile Ltd. (HKG:0941) Trading Outlook

China Mobile Ltd. (HKG:0941) Trading Outlook

China Mobile Ltd. (HKG:0941) Trading Outlook

HEFFX Notes China Mobile

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 91.40.

The projected upper bound is: 101.08.

The projected lower bound is: 92.32.

The projected closing price is: 96.70.

China Mobile closed up 1.400 at 96.450. Volume was 54% below average (consolidating) and Bollinger Bands were 42% wider than normal.

Open          High          Low           Close         Volume
95.150        96.450      95.150       96.450      6,916,391

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

Moving Averages: 10-period      50-period      200-period
Close:                       96.74              90.32              87.99
Volatility:                28                     31                    28
Volume:                   14,261,457   16,071,719      14,661,058

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.

China Mobile is currently 9.6% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into 0941.HK (mildly bullish). Our trend forecasting oscillators are currently bullish on 0941.HK and have had this outlook for the last 30 periods.

HEFFX Momentum China Mobile

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 27.5701. This is not an overbought or oversold reading. The last signal was a sell 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 58.95. 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 5 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 -2. This is not a topping or bottoming area. The last signal was a sell 5 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 2 period(s) ago.


China Mobile Limited is engaged in the provision of telecommunications and related services. The Company offers certain Internet-related services, including mobile Internet, digital services, and certain applications and information services. The Company’s businesses primarily consist of voice business and data business. The Company’s voice business includes voice usage services and voice value-added services. The Company’s data businesses include short message services, multimedia message services, wireless data traffic services, wireline broadband services, and applications and information services. The Company provides a range of mobile services in over 30 provinces, autonomous regions and directly-administered municipalities in Mainland China, as well as in Hong Kong. The Company’s mobile customers include approximately 833.9 million. It supports transmissions using the second generation standard, third generation standard and fourth generation standard.

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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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