STOCKWATCH: PCCW meets resistance at HK3; caution preferred

PCCW (0008) once tested the key psychological gateway of HK$3 yesterday with a sufficient turnover. But it failed to maintain the momentum today due to lack of buying spree and negative effect from the plummeting market. Wait-and-see is preferred for there is no sign of rise in short term. Supporting stance set at HK$2.7

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