STOCKWATCH: Accumulate Kingdee International at around HK$0.9

Kingdee International Software Group Ltd (8133) has been stabilizing at around HK$0.8 to consolidate after listing. The stock saw a breakthrough supported by turnover earlier this week and has been on a steady rise in the past few days, indicating a strong up-going tendency. RSI shows multi-head construction with indicators still not at high positions: headspace available for further rise. Recommended to accumulate at low around HK$0.9. Supporting stance is set at HK$0.83.

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