STOCKWATCH: Phoenix satellite TV short-term resistance at HK$1.7

Phoenix satellite Television Holdings (8002) carried yesterdayˇ¦s rise to try
 continuous highs this morning with a sufficient turnover. However, with
 pressure from the HK$1.7 100-day moving average line and a down-performing
 broad market, it is expected to follow the broad market in the late trading. 
Advice: keep on the sideline for short-term while collect when consolidation

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