STOCKWATCH: Shenyang Public Utility: consolidation completes; to take short deal

Shenyang Public Utility Holdings (0747) retreated and consolidated in the past days after coming up to test a new high of HK$2.15 last Monday. It stabilized with support of 10-day moving average line this week, RSI getting out of overselling zone. Charts indicated the recent consolidation has almost completed. It may come up again to test a new position. Short dealing is advisable. Supporting stance is set at HK$1.87. Resistance stance: HK$2.15.   

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