STOCKWATCH: Hong Kong Construction short-term resistance at HK$1.5

After stabilizing at 50-day moving average line, Hong Kong Construction (0190) has been detected to be constructing rising tendency, with stock price on a continual surge, in the past two days even against a tumbling market. Turnover has been sufficient to provide support. RSI on the rise and there is a break through at the upper Bollinger's resistance level, widening the band to attain more head space. Next short-term resistance level is set at HK$1.5 and supporting stance, HK$1.30.

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