STOCKWATCH: Short-term run for technically rebounding New World

New World Development (0017) has been plunging recently and technically showing signs of over sale. Soon to expect technical rebound. Rebound of the market after an initial fall this morning indicates unfavourable news have been digested. General recovery of the property sector has pushed the broad market to re-vitalize, possible stimulating New World to rise. Short-term can bet on rebound. Stop loss at HK$9.5.

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