STOCKWATCH: Petrochina to break through HK$1.5; to take mid-term absorption

Petrochina (0857) as reflected by charts has broken through resistance at Bolliger¡¦s upper band with turnover increasing. RSI tends to be rise. Facing recent resistance at HK$1.5, it is expected to break through it. If the breakthrough should succeed, another stage of surge is technically likely to happen. Mid-term target: HK$1.8; Supporting stance is set at HK$1.4. 

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