STOCKWATCH: CHUKONG SHIP rises amid bear market; dispose at high for short-term

Chu Kong Shipping Development (0560) performed well after gaining support from 10-day moving average line yesterday. It created new high against the down-going market this morning on a vivid turnover. However, with RSI facing the high level again, it is expected to boast some spacehead in the late trading. Short-term investors are suggested to make profit by discarding at high while mid-term buyers can continue to hold. Supporting stance set at HK$1.1.

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