The rising standard of living in China is facilitating a significant rise in demand for
telecommunication services, whilst expansion in regards to the provision of
wireless internet is securing high profitability for companies actively developing in
this market segment. China Mobile Ltd., one of the Chinese market’s leading
providers of wireless internet, plans to increase its market share of wireless
internet in the near future (current market share: 33.7%).
Investment period ends: 16/03/2018
Expected yield is calculated according to 90% capital protection and the price of the base asset at expiry, equal to 60 USD.
China Mobile Ltd.’s share price is close to the lower limit of the upward long-term trend channel (beginning from 2003) and has broken upwards through the 50 daily moving average. The price has also left upwards from the cloud of the Ichimoku indicator (Senkou B > Senkou A). The closest support levels are 53.40 and 51.16. The closest resistance levels are 59.23, 74.21 and 87.43.