CHL - Timing Trades in China Mobile can be Risky if you Don't Have Discipline
Trading China Mobile (NYSE: CHL) or any other stock for that matter requires a degree of disciple that not every investor has. Even those that have discipline often fail to adhere to those disciplines sometimes, and this can cause problems, but hopefully the guides below will help investors see exactly how to stick to it. The data we offer below for CHL has been compiled in such as way as to demonstrate how to do this using a real-time example. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Weak | |||
| Weak | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 26.82 | |||
| P2 | |||
| 25.37 | |||
| 26.15 | |||
| 29.19 | |||
| P3 | |||
| 27.80 | |||
| 28.22 | |||
| 31.24 |
Long Term Trading Plans for CHL
March 15, 2021, 5:00 pm ET
The Technical Summary and Trading Plans for CHL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CHL Report.
CHL - (Long) Support Plan
The technical summary data tells us to buy CHL near 26.82 with an upside target of 29.19. This data also tells us to set a stop loss @ 26.74 to protect against excessive loss in case the stock begins to move against the trade. 26.82 is the first level of support below 27.51 , and by rule, any test of support is a buy signal. In this case, support 26.82 would be being tested, so a buy signal would exist.
CHL - (Short) Resistance Plan
The technical summary data is suggesting a short of CHL as it gets near 29.19 with a downside target of 26.82. We should have a stop loss in place at 29.27though. 29.19 is the first level of resistance above 27.51, and by rule, any test of resistance is a short signal. In this case, if resistance 29.19 is being tested, so a short signal would exist.