STOCKWATCH: Tsingtao Brewery short-term supporting stance at HK$2.4; continue to

Tsingtao Brewery (0168) churned up and then retreated after setting a 52-week new high. It faced mild short-term profit-taking pressure and reaped mediocre turnover during the retreat and is expected to try new highs in late trading if the HK$2.4 supporting stance can be maintained. Investors can continue to hold

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