China Mobile may trend higher after it broke out from the one-month bullish flag pattern few sessions ago. The stock posted three white candles in a row coupled with its 20-day EMA commencing an upward trend thus suggesting that its bullish momentum is picking up further. We expect this positive momentum is set to steer the stock higher and test the next level of resistance in the near term.

Fundamentals

Net profit is expected to grow at a CAGR of 7% for the next 3 years with stable net margins of above 13%.

Source: Rakuten Research - 2 Jan 2024

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo