STOCKWATCH: Bank of East Asia short-term: take profit on rebound

Bank of East Asia Limited (0023) is rebounding after stabilizing near HK$18-level of lower Bollinger's Band. As reflected in charts, rebound power not strong. RSI still not totally outside consolidation zone and turnover on the retreat. Headspace limited. Advisable to take profit while rebound. Supporting stance set at HK$18.65, 100-day moving average line. Resistance stance set at HK$20.

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