STOCKWATCH: MTR rebound resistance at HK$12.85

MTR Corporation (0066) rebounded alongside the broad market this morning, but retreated to consolidate after it was pressed at Bolliger¡¦s mid-band at HK$12.85 with infrequent transactions. Forces of rebound is expected to be limited and short-term caution is advised. A bet on rebound is suitable when it breaks through HK$13 with sufficient turnover. Supporting stance is set at HK$12.5. 

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