STOCKWATCH: CCT Telecom short-term consolidation

CCT Telecom (0138) has been loitering at the HK$1-level for some time. The charts indicate many day-moving-average-lines interwoven, Bollinger's Band not yet open, RSI hovering, and turnover weak. Near future rebound chance remote. Stock expected to enter consolidation zone. Stop loss level: HK$0.93. Resistance stance set at HK$1.10.

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