24 February 2015
Moses’ Hong Kong Stock Analysis
ZTE Corporation, 中兴通讯股份有限公司, a China company listed in Hong Kong Stock Exchange. You can other ZTE Corp postings here.
The peak or peaks was last year November and December. Thereafter the price crossed below 20 MA, 50 MA and 100 MA at the end of last December. The stock managed to travel north and formed a lower high. But, the stock price fell again. Now 20 MA is below 50 MA, 50 MA is below 100 MA. Will the price resisted by 50 and 100 MAs? There are possibility of geometry AB = CD. Remember, all set up can fail.
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Moses
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