Quick Read of 2019 Government Work Report - Bulls and Bears

Chinese Telecoms Look to a Better 2H19 but 5G Capex Looms.  Network Sharing Is Not a Panacea

Chinese Telcos Under Pressure. All Eyes on Trade Talks and 5G Capex Plans

China Mobile: Operating and Profit Weakness in 1Q19. Our Main Concern Remains the 5G Capex Outlook.

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/china-mobile-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:27:1">China Mobile (941 HK)</a> is attracting attention as a defensive rotation play into a weaker February global cycle (HSI weakness) and will outperform and can be used as a pair trade with some higher beta shorts such as HKEX. We like buying China Mobile (CM) on weakness for a rise to challenge intermediate resistance at 74/77.After a brief break below pattern support in November, China Mobile (CM) recovered and pushed back above 62 support creating a stronger tactical bias. Pattern macro barriers lie at 62 and 84.MACD bull divergence stands out as the bull driver and carries weight to buy weakness. Risk lies with CM simply running higher toward near term and intermediate rally resistance hurdles.Tactical pivot support lies at 65.

China Mobile (941 HK) is attracting attention as a defensive rotation play into a weaker February global cycle (HSI weakness) and will outperform and can be used as a pair trade with some higher beta shorts such as HKEX. We like buying China Mobile (CM) on weakness for a rise to challenge intermediate resistance at 74/77.After a brief break below pattern support in November, China Mobile (CM) recovered and pushed back above 62 support creating a stronger tactical bias. Pattern macro barriers lie at 62 and 84.MACD bull divergence stands out as the bull driver and carries weight to buy weakness. Risk lies with CM simply running higher toward near term and intermediate rally resistance hurdles.Tactical pivot support lies at 65.

China Mobile

China Mobile Defensive Play