Icbc (1398.HK) - Close: 5.26 (+0.08), Nov 28, 2014

Chart Technical Analysis Icbc (1398)

Volatility risk: LowLiquidity risk: LowRisk explanation
 Positive Candidate -Medium term, Nov 28, 2014Analysis Explanation
Icbc is within a rising trend, which indicates a continued growth. Has risen strongly since the positive signal from a rectangle formation at the break through the resistance at 5.09. The objective at 5.24 is now met, but the formation still gives a signal in the same direction. The stock is between the support at 5.15 and the resistance at 5.33. A definitive break through of one of these levels predicts the new direction. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which strengthens the trend. The stock is overall assessed as technically positive for the medium long term.

1 day-0.99%2 783.81+1.54%
5 days73.863.44%2 153.98+6.05%
22 days59.809.00%1 533.81+2.94%
66 days29.3416.36%1 428.940.00%
Trend 14%4.77 - 5.59
Short Term Trading Range2014-11-26
Moving average2014-10-13
Double Top Pattern2014-09-01
Inverse Head and Shoulders 2014-05-22
Long Term Trading Range2014-05-22
Double Top Pattern2014-01-03
Head and Shoulders Pattern2013-12-27
Double Bottom Pattern2013-11-18
Double Top Pattern2013-10-22

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