STOCKWATCH: China Southern Airlines short-term resistance HK$2.3

China Southern Airlines Company (1055) as reflected in charts has constructed W-shape bottom with sufficient turnover. RSI displayed a meagre surge. It may meet pressure at bottom of resistance stance HK$2.3. If a breakthrough should fail with insufficient turnover, consolidation at neck-line may follow. Recommend short-term investors not to take a wait-and-see. Absorption is advisable when it retreats to HK$2.

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