STOCKWATCH: China Unicom unable to twist situation in foreseeable future

China Unicom Limited (0762) has been under the pressure of the 10-day moving average line and constructing a standard descending track. RSI has continued to show negative signs and turnover has been low. On top of this, other telecom stocks have been showing fatigue, making it impossible for the stock alone to twist the situation in the near future. It may even dive down further for support. Resistance stance set at HK$10.35. Initial support at HK$9.4.

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