STOCKWATCH: Short-term Yanzhou Coal to consolidate

Yanzhou Coal Mining (1171) met broad retreating and consolidating of state-owned sector after recording a new high. Tendency of short-term rising is pressed and suffered from retreating in a large scale. Although the room of further dive wonˇ¦t be large, technically it needs consolidation. It is expected to gained support at HK$2.85 (Bolligerˇ¦s middle band) in the short terms. Recommended to absorb as mid-term hold. After consolidation, it may pick the up-trend to test a new high.  

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