China Mobile rebound lacks stamina

China Mobile (0941) rebounded after churning in low grounds for the past few days. However, with charts reflect turnover withering every day, stamina for rise is lacking and the chance for the stock to break through the 10-day moving average line HK$40 resistance level remains slim. It is still no time to bet on a rebound. Advisable to take caution. Supporting stance at HK$35 and resistance at HK$40.

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