STOCKWATCH: China Unicom mid-term collecting at low

Slipping of China Unicom (0762) has halted after a long repeated plunge. With a consolidating trend supported by 10-day moving average line and turnover being on the low side, it may not have an ideal rebound in short terms. The consecutive fall implies investment value. If it should not be impacted by gloomy news, space of further plunge is expected to be limited. Recommend to absorb by batch and hold for the middle run. Supporting stance is set at HK$8.5.

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