Email of the day on Chinese Banks and geopolitical risk
Comment of the Day

February 12 2021

Commentary by Eoin Treacy

Email of the day on Chinese Banks and geopolitical risk

Always enjoy the service, Eoin and look forward to the daily updates. To better my understanding of reading charts, would you please walk me through the consistency pattern you see in the Commercial and Industrial Bank of China's chart that make its purchase, "shooting ducks in a barrel", as a very wise man would say. Thank you.

Eoin Treacy's view

At The Chart Seminar we begin by trying to imagine ourselves as the judges at an international beauty contest. We are only interested in the most beautiful charts. Those that have either truly consistent trends or the potential to develop them. Now ask yourself what is beautiful above ICBC’s chart?

The share was listed in Hong Kong in 2006 and since then it has done nothing but range in a very volatile manner. That’s neither beautiful nor consistent, so we need to ask whether there is anything occurring that may change the outlook?

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