STOCKWATCH: Yanzhou Coal churns up; mid-term to hold

Yanzhou Coal Mining (1171) has churned up recently and recorded several new highs. It currently has not entered rising stage but is expected to have space for further surging. It may be in face of 52-week resistance at HK$3.5. Technically there is need for consolidation. As long as no change happens to the trend, mid-term rising tendency will continue. Investors can take mid-term absorption while it retreats and consolidates. Supporting stance: HK$3.1.  

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