STOCKWATCH: Yanzhou Coal to test a new high

Yanzhou Coal Mining (1171) retreated and intended to rebound at HK$2 supporting position after recording a new high. It has stabilized at 10-day moving average line, RSI consolidating over 60 stronger level. Charts reflect the red line this morning has made up for the black line in the previous day and turnover also saw rising. It is expected to have some space of further surge. Likely to record another new high in short terms. Recommend to absorb at low. Supporting stance is set at HK$2.9. Short-term resistance stance is set at HK$3.1.  

Related stock : (1171)