STOCKWATCH: Consolidated Shenyang Public to test HK$2.1

Shenyang Public Utility Holdings (0747) was once dragged down by the diving market and closed with a slight loss Wednesday. Charts reflect its up-trend has not changed and it rebounded with the broad market this morning. RSI is still high currently and short-term consolidation is expected. Short-term resistance stance is set at HK$1.8. Investors may continue to hold or absorb at HK$1.65. It is expected to come up to test HK$2.1 if the resistance should be broken through with sufficient turnover. Short-term stop loss: HK$1.55.

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