STOCKWATCH: rebound of New World Infra won't last long

New World Infrastructure (0301) saw 3 consecutive days rebound beginning with HK$5 while no cooperation came from turnover. It returned to 10-day moving average line today, but the rebound is expected not to last long for lack of bargains. A retreating and consolidation may follow. Recommended short-term profit-taking. Supporting stance is set at HK$5.

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