STOCKWATCH: China Mobile returns to 10-day MA line

China Mobile (0941) returned to the 10-day moving average line after having left it for a month. Turnover is on the increase and RSI on slight rise. Technical stability expected. Rebound may be blocked by general market condition and greater pressure may be felt at the psychological gate of HK$40. Recommended to take caution. Supporting stance at HK$33.5 and resistance at HK$40.

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