Rakuten Trade Research Reports

Foreign Equities (HK) - CHINA MOBILE LTD - Indicators.

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Publish date: Thu, 29 Aug 2024, 10:26 AM
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TECHNICAL ANALYSIS

China Mobile is currently trading above both the 20-day and the 50-day EMAs, signaling a bullish trend in the short to medium term. The RSI is at 59.3, indicating that the stock has some room to rise before approaching overbought levels. Additionally, the MACD line is above the signal line, suggesting continued upward movement.

Fundamentals

Net profit is expected to grow at a CAGR of 5% for the next 3 years with strong net margins higher than 13%.

Source: Rakuten Research - 29 Aug 2024

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