STOCKWATCH: Hang Seng can be absorbed below HK$90

Hang Seng (0011) has been stabilizing near HK$89, indicating leadership in the broad market. Nevertheless, dragged by the broad market and other blue chips, the stock is still volatile. However, with the broad market stabilizing and anticipation of rate-cuts next week, there should be some rebound at the end of the week. To be absorbed at or below HK$90. Supporting stance is set at HK$89.

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