STOCKWATCH: Short-term China Southern Airlines to absorb; supporting stance:HK$2

China Southern Airlines Company (1055) jumped up with support of substantial transactions last Thursday, but charts reflected resistance of 50-day and 100-day moving average lines. It continued the consolidating tendency this morning with up-surging trend of RSI frustrated. Turnover continued to shrink. It is not suitable to buy for short-term dealing. However, it tends to rise in the middle run. Investors can take a mid-term collecting while it is low. Supporting stance is set at HK$2.05.  

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