STOCKWATCH: Asia Satellite below HK$16; may rebound

Asia Satellite Telecom (1135) has been under the pressure of its 10-day moving average line and was dragged below HK$16 by the broad market. RSI and MACD are still faring weakly indicating a less positive short-term tendency, possibly another drop. Profit-taking advisable if rebound should occur. Stop loss stance at HK$15, supporting stance, HK$16.8.

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