STOCKWATCH: First Pacific may break through HK$ 2.5 to try HK$3

First Pacific Company Ltd (0142) has been on the rebound after having stabilized on the 100-day moving average line. The stock has returned to its 10-day moving average line. With its RSI rising and with it following the broad market on the stabilizing track, its is expected to break through HK$2.5 in the near future to try the recent resistance stance of HK$3. Insignificant turnover, however, may limit its power of rebound and it is advisable to sell at high while the rebound lasts.

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