STOCKWATCH: China Everbright may climb down to try support at HK$6

China Everbright Holdings (0165) has accelerated in falling for the last two weeks and turnover has been on the increase, indicating take-profit selling. Some stability was seen this week but there was also this tendency for further decline. RSI shows down-going trends and there seems to be space for further fall. Stronger support can be found at HK$6. Resistance stance set at HK$7.3.

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