STOCKWATCH: Hold Cafe de Coral if HK$3.3 is kept

Performance of Cafe de Coral (0341) has been stronger than that of the broad market. The stock has been standing aloof above all turmoil and is consolidating on a high narrow range. Investors should only take into consideration the fact that the market will be on the weak side in the foreseeable future and the stock will stay in the consolidation zone for some time. If the HK$3.3 supporting stance at the lower track of the rectangle can be kept, the stock can be held for mid-term investment. Consolidation zone: HK$3.3 to 3.5. 

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