STOCKWATCH: PetroChina to maintain consolidating stance for some time

PetroChina (0857) has displayed stability recently, hovering within a narrow range. However, with its RSI still loitering and turnover on the low side, headspace for rise is hard to expect in the foreseeable future. It is expected to remain in the consolidation zone at the HK$1.4-level for some time. Supporting stance is set at HK$1.3.

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