STOCKWATCH¡GGuangdong Brewery accelerates rising; short dealing recommended

Guangdong Brewery (0124) has constructed circle bottom for over a month. It once broke through and created a new high last week, but later retreated to HK$0.35, regaining support. Following the surging against the down-going market with support of 10-day moving average line yesterday, the stock accelerated rising and jumped up with coordination of big transaction. Although it retreated slightly resulting from too big an up-range, it is likely to soar up in the short terms. Advised to absorb while it retreats for short dealing. Supporting stance: HK$0.4 to 0.45. Short-term stop loss: HK$0.35. 

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