STOCKWATCH: China Mobile may stop falling soon

China Mobile (0941) may have been trying new lows lately but after much churning seems to have acquired some stability. With its RSI is nevertheless loitering in weak zones and turnover volume showing little evidence of great buying incentive, the stock is expect to remain in a consolidating stance and can turn weak when dragged by the broad market. Advisable to wait for a more appropriate chance. Initial supporting position at HK$35 and resistance at HK$40.

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