STOCKWATCH: Zhejiang Expressway obtains support at 10-day MA line

Zhejiang Expressway (0576) was held back when it came up to test resistance. Charts shows a ¡§ shooting star¡¨ which pushed up turnover. The stock price plunged soon after. Stability of last week could not offer impetus to short-term surge. With support of 10-day moving average line, it is expected to sustain the consolidation. Recommend mid-term investors to absorb around 10-day moving average line, for it may come up to test a new high. Supporting stance is set at HK$1.45. Resistance stance at HK$1.6.

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