STOCKWATCH: Interchina to buy for mid-term hold

Interchina Holdings (0202) rebounded against the market today, supported by turnover although it is nevertheless not sufficient. RSI sustained a strong up trend after 5 days consecutive rebound. With it being at a high level and charts indicating heavy resistance at HK$4, it is expected to have a short-term consolidation. As for mid-term investors, absorption at low for mid-term hold is advisable. Rebound after consolidation may test resistance zone between HK$0.5 and HK$0.6. Supporting stance is set at HK$0.32.  

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