I have been watching China Mobile stock limited lately. Over the last 2-3 months the stock has been trading in a Channel $75-80 for 2 months until it break down from the support line at $75 around the end of OCT 09. Since then the stock has been trading just below the $75 resistance level. The current 3 months trend for the stock is down plus possible sideway movement. If the stock close above $75 with pick up in volume. It can be a sign that the stock is back to the Channel. I might write some put option at that time.
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Hey, awesome site! Keep it up! I will be difinatley be coming back in the near future :)
ReplyDeletechina mobile Stock quote