STOCKWATCH: China Petro&Chem sees tranquil transaction; little profit space

China Petroleum & Chemical Corporation (0386) saw the fifth falling day and it approached downward band supporting position at HK$1.1, seeing initial support at eh level. However, tranquil transactions and RSI tending to drop may not offer impetus for rebound. Mid-term investors may take a stage dealing. Resistance is set at HK$1.25.   . 

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