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

China Communications Services Corp (0552) : Poise for another breakdown.

Chart Review of China Commercial Services. — On the Daily Ichimoku chart, the first bearish sign occurs between August 5 to August 14 (highlighted by the green oval shape) 1. Price action dips below the thin kumo support (starting from August 4) 2. On August 14, we see that the Tenkan sen cuts the Kijun… Continue reading China Communications Services Corp (0552) : Poise for another breakdown.