STOCKWATCH: Phoenix Satellite Television may climb down to HK$1.2

Phoenix Satellite Television Holdings Limtied (8002) fell through HK$1.5 this morning. RSI has also approached over-selling zone near the 20-day moving average line. Short-term rebound is technically likely but limited by volume of turnover. If unable to return to HK$1.5 level, may climb down to HK$1.2.

Related stock : (8002)