Elliott Wave Live: Chart Challenge: China Mobile

Monday, September 17, 2012

Chart Challenge: China Mobile

Test Your Knowledge

China Mobile Ltd. (NYSE: CHL, SEHK: 0941) is China's dominant mobile service provider.

Part I: Label the chart

Part II: Would you Buy, Sell or Hold this security based upon the Elliott Wave Pattern?

HINT: What other chart should you reference before attempting to place wave labels on this chart?

I'll give readers about a week before I reply with my interpretation.

Best of Trading

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Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content") provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade.

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article.

1 comment:

MikeSeptember 27, 2012 at 9:21 AM
The wave pattern appears to be corrective from 10/2008 low. I would have sold this issue. We have a monthly reversal bar from the month of August that may signal that price is susceptible to further decline.

Traders should also reference the Hang Seng Index.
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Monday, September 17, 2012

Chart Challenge: China Mobile

Test Your Knowledge

1 comment:

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