STOCKWATCH: Anhui Conch Cement to rise in late trading

Anhui Conch Cement (0914) continued to try new high this morning. However, charts indicated that it showed weaker stamina over the previous two months, and with short-term technical indices such as RSI in over-sale zone, it will face consolidation soon. Short-term investors should reduce at high while mid-term buyers can continue to hold or absorb at low for short-term since it is expected to see support at the HK$1.6 level when consolidating. The stock will rise after consolidation, with stop loss set at HK$1.5.

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