STOCKWATCH: ICBC absorbed at support of HK$7.1

Industrial and commercial Band of China(Asia)Ltd (0349) intended to break through recent up-level of consolidation zone last week and turnover increased obviously. Although it fell against booming market this morning, it has been reflected by chart to have no signs of changes in surging trend. The stock should see strong technical support at HK$7.1. Mid-term absorption is recommended at low level. Short-term stop loss is at HK$7.and resistance stance HK$8.

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