China Unicom (CHU – NYSE)
Dear Bottarelli Research Member,
I’ve been watching this company for long enough and I believe now is the time to strike! I’m talking about China Unicom (CHU – NYSE).From business services, entertainment, bill paying, and video gaming, CHU has practically turned the mobile phone into a portable e-commerce terminal.And with higher lows being established in my charting signals, combined with exploding mobile phone growth coming out of the China and Asia-Pacific region, it’s time for us to get positioned in the one company perfectly positioned to benefit from non-stop demand. On that, I’ll turn things over to Bryan so he can give you the low-down on this unique play in the huge china mobile phone market.
Sincerely,
Why CHU Will Enjoy Non-Stop
Demand for Years to Come
I’m not going to lie. When it comes to telecommunications investing in the United Stated, I can’t help but yawn. With tremendous competition and stagnant stock prices, I feel the sector is a tough place to make any money today. But ten years ago, the telecom sector was on fire — with rapid growth and exciting technology advances. And although it’s not the case anymore in the US, this “exciting growth” period is happening right now over in China. That’s why China Unicom (CHU – NYSE) is such an exciting play.
Acting as an integrated telecommunications operator, CHU offers international and domestic long distance, data, and Internet services to 131.55 million cellular subscribers. And this figure is growing by the day. In fact, they just reported breaking the 1.6 million total subscriber figure, fueled by the non-stop demand for mobile technology. Of course, this insatiable demand could equate into big profits for you. Just look at this photo. This is a shot of the daily morning traffic in China — just how many people do you think are on their cell phones right now saying they’ll be late for work? Millions!And as a pure population play, CHU stands to clean up, big time!
As you can see by the chart, CHU has called the 50-day moving average a strong support point since August of 2006. But even more so, Mark tells me that his Pre-Emptive Moving Average indicator is indicating that the shares are a screaming “buy” right now. It appears like $12.50 is the absolute near-term floor in CHU, so let’s get positioned to capitalize on another tremendous upside run.
PLAY: Buy shares of China Unicom (CHU – NYSE) at or under $13.00, good for the week. To limit your risk, place a protective stop loss at $9.00.
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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