STOCKWATCH: China Petroleum & Chemical hard to expect breakthrough

China Petroleum & Chemical Corporation (0386) has recently tried to rebound in low terrain but restricted by the 10 and 50-day moving average lines. Turnover has also not played along, indicating a lack of willingness to take the risk. The stock is not expected to see much rebound in the foreseeable future. Resistance stance set at HK$1.2. Short-term stop loss at HK$1.1

Related stock : (386)