STOCKWATCH: Sun Hung Kai Prop short-term resistance: HK$76.5

Sun Hung Kai Properties (0016) retreated when rebounding to 100-day moving average line last week. It regained support at 10-day moving average line and rebounded with the broad market. However, forces of rebound were limited over insufficient turnover. It is expected to have head room for further rebound. Advised to hold. Supporting stance: HK$71.5. Resistance stance: HK$76.5.  

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