STOCKWATCH: PAC CENT INS to make breakthrough; short-term investment acceptable

Recommended in early this month, Pacific century Insurance Holdings (0065) consolidated in narrow range around the 10-day and 100-day moving average lines recently and soared against the bearish market this morning. Charts indicated that it technically showed a clear intention to make breakthrough despite the retreat, and expected to try a higher resistance stance from a near perspective. Short dealing suggested. Target price and supporting stance set at HK$2.8 and HK$2.3 respectively.

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