MTR to test support at HK$13.5

MTR(0066) has been retreating with the broad market and has approached HK$13.5, the low position in mid January, Stochastics %K has fallen to near 0, 9/RSI below 30 and short-term technical indicators has begun to denote overselling and rebound should be occurring any time. Recommended to absorb slightly at 13.5 and bet on a rebound with initial target HK$14.1 of the 20-day moving average line and add in according to Stochastics %K.

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