ICBC (HK: 1398) recent bullish rise is expected to continue despite a short correction in recently.   

1. Rising wedge formation suggests a bullish upward reversal ahead.
2. Bullish engulfing strong closure above 50% retracement level of 81-5.45
3. Price reacted at the area of demand, which confluence with the 50% retracement level.
4. 22 SMA crosses above the 50 SMA which result in a bullish cross over.
5. Stochastic oversold crosses signify a bullish return.

CHART LEGENDS

Moving Averages

Green dotted line = 22 Simple moving average

Blue dotted line = 50 Simple Moving Average