STOCKWATCH: Swire Pacific Ltd."A" to absorb if stabilizing at HK$45

Swire Pacific Ltd."A" (0019) has been churning in the feebleness with RSI still being in weaker zone and consolidation trend sustaining. It is expected to have great room for profit taking in short terms, but not suitable to bet on rebound. Technically speaking, charts reflect certain support at HK$45 supporting stance. If it should stabilize at the level, it is suitable to take a low absorption for mid-term run. Resistance stance is set at HK$48. 

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