STOCKWATCH: New World China can reach HK$4.2

New World China Land Limited (0917) has recently been consolidating on a W-shape and showed signs of breakthrough today. There has also been sufficient turnover to render support. A closing price above HK$3.6 today can denote a technical surge at a later stage. The stock is expected to reach the HK$4.2-level.

Related stock : (NIL)