China Mobile Wave Analysis – 02 December, 2019

• China Mobile broke support level 38.60
• Likely to fall to 36.00

China Mobile recently fell sharply with the downward gap below the support level 38.60 (which stopped the previous impulse wave (iii)).

The breakout of the support level 38.60 should accelerate the active impulse wave 3.

China Mobile is expected to fall further toward the next support level 36,00 (target price for the completion of the active impulse wave 3).