China Communications Services Corp (0552) : Sitting Dangerously on Kumo Support

On the Ichimok Weekly Chart, we can now see that China Communications Services (0552) is sitting just on top of the kumo support.

If this support breaks (or if it does not move up within a month), we can easily see that the price will pierce through the support and that will signal a bearish outlook.

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By iam802

Trend trading with Ichimoku