CHINA TELECOM   Stock Code 0728.HKE

Outlook

Price broke and closed above the cloud, changing the chart outlook to bullish. A bullish conversion and base lines crossover is likely, hinting at potential upside ahead. MACD has turned bullish and is rising after having a bullish crossover. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. We are likely to see price continuing to move higher the price target at HK$3.00 in the next 1-2 weeks.

Strategy

$2.80                 Buy

$3.00                 Price Target

$2.70                 Risk Management Stop

2 weeks             Trade Duration

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