STOCKWATCH: CCT Telecom continues consolidation; cautious for short-term

Technically speaking, CCT Telecom Holdings (0138) didn¡¦t show buying signal in the short term and as indicated in charts, it maintained the consolidation shape and is unlikely to jump in the short run. Sidelined attitude preferred, while collecting in the mid-term also wise since it has been consolidating for a long time and would have limited down room, given no frustrating news. Supporting stance set at HK$0.85.

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