STOCKWATCH: Yanzhou Coal Mining: can go on holding

Yanzhou Coal Mining (1171) may have been dragged down by the broad market, but charts reflect strong support on the 50-day moving average line. The stock has been stabilizing with the broad market and has now rebounded onto the 10-day moving average line. Its RSI is also on the rise, indicating headspace for rise when the market resumes stability. Recommended to hold. Supporting stance is set at HK$2.4 and resistance at HK$2.85.

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