STOCKWATCH: Hong Kong Construction rebound target HK$1.54

Hong Kong Construction (0190) definitely underperformed other red chip state-owned stocks today, even falling through 10-day moving average line at one time, plus a trend of climbing down to construct a dome. RSI retreating and turnover shrinking technically demand support of 50-day moving average line. However, red chip state-owned has went steadily. lagging-behind stocks may be pushed up. It is suitable to absorb at low and bet on short-term rebound. Supporting stance is set at HK$1.34. Rebound target resistance set at HK$1.54.   

Related stock : (190)