STOCKWATCH: China Everbright resistance at HK$7.6; mid-term to absorb at low

China Everbright Holdings (0165) has rebounded with the broad market, RSI also on the rising. However, turnover failed to cooperate with further rebound. Charts reflect some resistances between HK$7.6 and HK%8. The stock retreated when held back at the level. If the lack of bargains should last, it may have a short-term consolidation. There should be strong support at HK$7 psychological gateway. Mid-term investors can take low absorption. 

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