China Mobile Ltd. (ADR) (CHL)

synergize (98.71) Submitted: 5/17/08 5:08 AM : Start Price: $86.87 CHL Score: -17.63

China Mobile Limited is an investment holding company and a mobile services provider in China. Its principal activity is providing mobile telecommunications and related services in 31 provinces, autonomous regions and directly administered municipalities in Mainland China and Hong Kong. As of December 31, 2007, the total number of subscribers reached 369.339 million. The Company’s businesses can be primarily divided into voice business and new businesses.

Technical Analysis:
Consistent long term upward trend. Another strong company to buy on pullbacks. MACD and Stochastics are rising. It looks very attractive for technical investors for a good entry.

Please remember that this post presents only my personal opinion based on technical data and other information. You should use your own judgment and seek appropriate advice for any investments ideas.

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