STOCKWATCH: I-Cable resistance at HK$4

In face of release of earnings on 22nd this month, I-Cable Communications (1097) rebounded this morning but lacked support from a strong turnover. Charts may have indicated a return to the 100-day moving average line, but the stock does not seem to have come clear of resistance. RSI is still weak. And if turnover should remain tranquil, the power of rebound should be limited. Greater resistance will be met at the HK$4-level and initial support at HK$3.6.

Related stock : (1097)