STOCKWATCH: Yanzhou Coal bet on short-term rebound

Yanzhou Coal Mining (1171) obtained support when it retreated to 10-day moving average line near HK$2.8 last Wednesday. The sharp rebound of US market is expected to stimulate HK stocks greatly. The stock has the chances to rebound with the market. Recommend the investors to snatch it at present price for short-term rebound. Supporting stance is set at HK$2.8. Resistance stance set at HK$3.06.

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