STOCKWATCH: CITIC Pacific may see technical rebound

CITIC Pacific Ltd (0267), in face of interim earnings announcement today, has been constructing basis at current price on an increasing turnover, indicating accumulation at low. RSI rebounded after touching oversold zone at 20 earlier and shows signs of possibility of short-term technical rebound. Initial resistance stance set at HK$25.40. Stop loss at HK$ 22.8.

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