STOCKWATCH: Hk Gas supported at HK$9; to absorb at low

Hong Kong & China Gas (0003) has plunged against the rebounding market in the past two weeks. It gained support at HK$9 supporting stance yesterday with turnover increasing definitely, showing a strong supporting at the level and bargains of low absorption. Although the rebound today was still mild and consolidation is in need, it is expected to stabilize over HK$9. Recommend investors to absorb at low. Short-term resistance is set at HK$10.  

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