STOCKWATCH: Huaneng Power to be released while rebound lasts

As reflected in the charts, Huaneng Power International Inc (0902) has accumulated many a rise. Recently saw retreat after consolidation at high plateau. Slightly increased turnover indicates profit-taking selling. The stock is undergoing a test of support of the 50-day moving average line and the Bolliger's mid-band at HK$3.7. Advisable to let go while rebound lasts. Initial resistance stance: HK$4.

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