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CHA NEWS why is China Telecom Corp Ltd price falling or rising

CHA NEWS reasons for why stock price of China Telecom Corp Ltd is falling or rising

CHA China Telecom is falling or rising technical reasons

Technical analysis forecast for China Telecom Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT China Telecom CHA at this time. Stock is falling and might fall more.

It appears as if China Telecom CHA gave a large move recently.

Stock of China Telecom (CHA) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of China Telecom is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if China Telecom stays below 27.1, but if it comes above 27.1, then a intra day buy could be more profitable.
If you take a sell trade below 27.1, then use 27.1 as stoploss and 26 as target. However if you take a buy trade in China Telecom, then use 27.1 as stoploss and 27.99 as target.

CHA China Telecom is falling or rising NEWS fundamental reasons

More announcements and NEWS

CHA China Telecom Corp Ltd current price & indicator signals

Moving Averages for China Telecom Corp Ltd

  • 5Day Average: 27.17
  • 12Day Average: 27.66
  • 20Day Average: 27.77
  • 50Day Average: 30.01
  • 100Day Average: 31.1
  • 150Day Average: 30.71
  • 200Day Average: 31.07

CHA Indicators & signals

Indicator MACD (12,26,9)

27.55, 28.33, -0.76
Indicator MACD is in negative zone

Indicator ADX (14)

5.36, 31.18, 34.71
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CHA China Telecom Corp Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Fri Jan 2021 26.45 24.55 to 26.45 3.32% 1.09 times
07 Thu Jan 2021 25.60 24.50 to 25.99 -12.93% 1.65 times
06 Wed Jan 2021 29.40 26.35 to 29.40 3.74% 2.01 times
05 Tue Jan 2021 28.34 27.80 to 32.98 8.83% 1.57 times
04 Mon Jan 2021 26.04 24.10 to 26.78 -5.48% 3.37 times
31 Thu Dec 2020 27.55 27.35 to 27.68 -0.04% 0.23 times
30 Wed Dec 2020 27.56 27.52 to 27.98 -2.86% 0.31 times
29 Tue Dec 2020 28.37 28.26 to 28.87 -1.66% 0.24 times
28 Mon Dec 2020 28.85 28.80 to 29.05 2.27% 0.26 times
24 Thu Dec 2020 28.21 28.09 to 28.44 1.88% 0.15 times
23 Wed Dec 2020 27.69 27.55 to 27.87 -0.75% 0.21 times
22 Tue Dec 2020 27.90 27.69 to 27.91 -0.57% 0.16 times

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