STOCKWATCH: China Travel consolidating; stop loss at HK$0.9

The decline of China Travel Hong Kong (0308) has turned mild this week. The stock has obtained initial support on the 10 and 100-day moving average linee and is constructing a consolidating plateau. Its RSI is, however, still weak and turnover insupportive. Given the current market condition, it is not expected to rebound but to consolidate. Stop loss at HK$0.9. Resistance stance set at HK$1.15.

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