STOCKWATCH: Tsingtao Brewery: take profit at HK$2.4

Tsingtao Brewery (0168) was trying resistance at the upper track of the Bollinger's Band this morning. RSI is again showing a multiple-head tendency. The stock may continue to climb up and try resistance at HK$2.4 alongside rebound of the board market. Turnover at the moment is, however, not sufficient to support a strong rebound. It is therefore recommendable to take profit around that level. Supporting stance is set at HK$2.

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