STOCKWATCH: Petrochina tends to rise

Petrochina (0857) has stepped up along Bolliger¡¦s upper band since a successful breakthrough two week ago. A rising band is obviously reflected in the chart and turnover also swelled with the price. RSI is approaching 80. In face of previous resistance at HK$1.8, the stock is expected to come up to test a new high in short terms. But the forces may be limited. Not suitable to bet on short-term dealing. Holders may keep a wait-and-see attitude. Supporting stance: HK$1.6.  

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