Greetings, doch: folgende primary "babies": ICBC !!!!, CMB !!, BOC !!! and CMCB !
Bank of China attempted to hold above the 10-day moving average where it is now at $4.15. By technical analysis, this share enters a technical correction after it has hit $4.50. If the counter stands firm above the 10-day supporting line, it signals to stay on a major upward trend. After the recent consolidation, it is likely to trace an upward trend towards $5.00 in the medium term. Thanks to the market anticipation on the finance sector, this counter gains strength from solid buying interest. This also stems up the share price to trace a major upward trend.