STOCKWATCH: China South Air may reach HK$2.4 on the rebound

After plunging earlier, China South Air (1055) stabilized at the HK$2-level recently and rebounded to return to the 100-day moving average line this morning. Turnover has also been on the increase. There seems to be sufficient space for rebound with pressure seen at around HK$2.4, a short-term profit-taking position. Stop loss at HK$2.1. 

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