China Mobile Ltd, the world’s biggest telecom operator, may rally 13 percent after breaking out of a so-called “ichimoku cloud” this week, according to technical analysis by BTIG Hong Kong Ltd. Christian Kielland, head of trading at BTIG, said China Mobile will rally toward the HK$90 level after analyzing the stock using the Japanese method of “ichimoku kinko”, which looks at wave patterns and …
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This entry was posted on January 18, 2010 at 9:32 am and is filed under NEWS.