STOCKWATCH: Zhejiang Expressway: take profit on rebound

Zhejiang Expressway (0576) rebounded in a down-going market to close on its 10-day moving average line. There will be a process of surge for sometime. Turnover is on the increase but still on the low side. With the broad market being so weak, there seems to be little headspace for rebound. Advisable to take profit first as long as price remains high. Supporting stance is set at HK$1.33. Resistance stance set at HK$1.5.

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