STOCKWATCH: Shangdong Power to be held if HK$1.4- level kept

Shangdong Power (1071) has retreated to the HK$1.4 supporting stance after reaching a new high and is now on a steady rise. Performance of the stock is, however, on the weak side today and may possibly see some profit-taking selling. With turnover indicating slight selling pressure, the stock is nevertheless expected to revive after consolidation. Supporting stance at HK$1.4 and resistance at HK$1.56.

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