ICT Long setup in a Hong Kong stock : 941👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in HK stock : 941 for Swing trade.
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
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941 trade ideas
China Telco Players - benefiting from 5G Technologywww.chinadaily.com.cn
From a high of 88 in March 19, it has fallen to a low of 58 in early Dec this year. It has now break out from the descending channel on 16 Dec 19 and there is more upside to come.
The 5G technology drive will benefits the few big Telco players in China, China Mobile being one of them. This is one of the key areas that the Central Government is paying lots of attention and what US is trying to compete with China now.
www.cnbc.com
China Mobile Reduces the Power Consumption of 5G Base StationThe large operator has built more than 50% of the 5G base stations in the world.
In July 2021, China Mobile announced that the power consumption of the 5G base station had been reduced to a figure amounting to about three times that of the 4G base stations, about 1900W. The energy consumption of a single station was more than four times that of a 4G station in 2019. At that time, according to China Mobile, a single 4G base station required about CNY 20,000 operating fees per year, while a 5G base station required about CNY 55,000.
Even as the technology becomes more widespread, high power consumption continues to be an important factor hindering the development of 5G.
In the future, the company hopes to further reduce the energy consumption of 5G base stations through the use of new technology layers and devices. The company's goal is to reduce the peak power consumption of 5G base stations to twice that of 4G by 2025.
By the end of March 2021, the number of 5G base stations in China had reached nearly 820,000, accounting for 70% of the 5G base stations in the world. Among them, China Mobile accounted for half, with 410,000 stations. At present, the number of 5G user connections in China exceeds 280 million, accounting for 80% of global 5G connections. Overall, the reduction of energy consumption has serious strategic meaning for the Chinese 5G industry.
941 (HKEX) - Prepare for Changing in trendGreetings
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941 (HKEX) - Prepare for Changing in trend
China Mobile: If you have to own 1 name...If you have to own one name today right now, this is IT. Boring old cash rich China Mobile has been trading in this channel since 2009 and this is the 3x time 941 is testing the lower end of the range. There is 5% to pick up before it hits the 1st resistance and potentially +35% if it tests the top of the range. To sweeten the deal, if you hang on till the end of the month, specifically the 25th, the kind folks at China Mobile will cut you a check for 2.1% yield. If you need more convincing, China Mobile owns 38% of China Tower which just filed for a $10bn IPO in HK. State-own IPOs in HK are just like butter on popcorn, nothing will taste better than China Mobile when China Tower starts popping on IPO day.