STOCKWATCH: Hutchison to stabilize and rebound

Hutchison Whampoa(0013) rebounded today alongside the broad market. It had come up to test resistance at down-going upper band and retreated over fringe negative factors. Clearing of fringe negative factors such as PCCW(0008) is expected to help stimulate the stock to gain stability. It is suitable for mid-term investors to take bargains at low. Supporting stance is set at HK$80. Short-term stop loss: HK$78.

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