China Mobile might see an upward trend following its recent gap up and the formation of a long white candle a few sessions ago. Presently, the stock is on the verge of breaking out from a one-week rectangular pattern, targeting a resistance level of HKD74.95. Given the stock's distance from all the EMAs, we believe it has a good potential of staging a breakout.
Net profit is expected to grow at a CAGR of 6% for the next 3 years with strong net margins higher than 13%.
Source: Rakuten Research - 21 May 2024
To sign up for an account : http://bit.ly/40BNqKI
[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo