STOCKWATCH: China Unicom supporting stance at HK$12; can continue to hold

China Unicom (0762) rebounded step by step recently. Stimulated by the  positive news of entering the HSI composite sector, the stock jumped sharply and saw supporting on transaction. Technically need to make up the gap in short term. While following the improving periphery sectors and the outperforming RSI, the stock is expected to rebound. Recommended to continue to hold and absorb while low. Supporting stance is set at HK$12.

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