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Tuesday, 16 May 2017

Air China Ltd (Shanghai SE - 601111) - On the edge of Upside Break Out ?

Weekly chart of Air China Ltd.


For the past few weeks, the share price had been trading side way with its weekly closing price falls within a resistance zone (between RMB 8.79 and RMB 9.57).

Looking at the chart back to 2014/2015.


The resistance zone was formed back to that period.

On 3 April 2015, broke out on the upside and rallied before the China stock market bubble burst.

Is the rally around the corner ?
 

Source :
1) Metastock

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