STOCKWATCH: short-term China Travel: first take profit; resistance at HK$1.2

China Travel International Investment (0308) stopped its slipping trend last week with support at 10-day and 100-day MA line. Yesterdayˇ¦s rebound of the broad market failed to push the stock out of consolidation. Todayˇ¦s rising is expected not to last long. A resistance at HK$1.2 is reflected in charts. Despite the rebound this morning obtained support of turnover, possibility of breaking through the resistance in near future still very thin. Recommend short-term profit-taking. Supporting stance: HK$1.

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