STOCKWATCH: CPCC expected to stabilize; bet on rebound

China Petroleum & Chemical Corporation (0386) tumbled through the support of 10
-day moving average line recently amid the bearish broad market, while the 
upward band prevailing for nearly one month began to droop. With short-term
 technical indices dwindling, it still found certain support at the Bolliger¡¦s
 mid-band and is expected to rise in the mid-term, since a sign of stopping
 decline is evolving with RSI also registering slight rise. Investors can
 absorb for mid-term or bet on rebound for short-term. Near-term resistance

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