January 24, 2015
December 2004 ZTE Corporation initial public offering at initial public offering price at HK$22. The price closed at HK$ 17.48 on January 23, 2015, lower than its IPO price. Why?
ZTE Corporation Ten Years Daily Chart
Chart worth a thousand words.
Ten Years Daily Data, ZTE Corporation January 23, 2015 Daily
ZTE Corporation Stock Analysis
The AB = CD pattern is one of the simplest to identify in any market, any timeframe, and is the basis of other patterns. The AB = CD pattern is a leading indicator that provide an approximate point where and when to enter and exit a trade. The AB = CD provides a visual, geometric price or time pattern comprised of three consecutive price swings; AB, BC, and CD.
This can be depicting in the following chart.
ZTE Corporation, January 23, 2015 Daily
PA formed a LH, so can the PA complete with LL? Will see.
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