STOCKWATCH: HK Electric to consolidate between HK$28 and HK$30

Hong Kong Electric(0006) has recently been hovering between HK$28 and HK$30 but turnover has remained thin. RSI reflects a trend to consolidate. Short-term consolidation within the range is expected. Recommended  holding or absorption at HK$28. If the resistance at HK$30 could not be broken through with support of turnover after consolidation, it is suitable to sell the stock for short-term investment

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