STOCKWATCH: Jilin Chemical bet-on-rebound target: HK$0.6

Jilin Chemical Industrial (0368) was plunging on a swelling turnover this morning but initial support could be seen at 50-day moving average line at HK$ 0.5. This 50-day moving average line coincides with recent bottom area last week, providing a certain amount of technical support. Short-term investors can therefore bet on rebound at that supporting level. Rebound target: HK$0.6. Stop loss at HK$0.47.

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