STOCKWATCH: New World Dev short-term resistance: HK$10.7

New World Development (0017) took a big leap at the opening today with the broad market, leaving a great gap in the chart. Although turnover saw some support, force of rising is mild. It retreated after a high opening. It may continue to test a new high in short terms with the broad market, but short-term investors is still advised to dispose at high. Short-term resistance stance is set at HK$10.7. As for mid-term dealing, buying after consolidating and stabilizing is suitable. Supporting stance is set at HK$9.5. 

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