STOCKWATCH: Jiangxi Copper to absorb at present price

Jiangxi Copper (0358) has gained support of 10-day moving average line while turnover still remained on the low side. Short-term surge is expected to be limited in impetus. Charts reflect a strong support at HK$0.8 and the stock tends to rise in the middle run. Recommend to absorb at present price. Short-term target price is set at HK$1.   

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