STOCKWATCH: Continue to hold Pacific century Insurance; stop loss at HK$2.24

Pacific century Insurance Holdings (0065) made immediate retreat amid the dismal broad market despite the breakthrough last Monday. It has consolidated at the 10-day MA line and closed lower against the up-ward market. As reflected in charts, it intended to dip through the support of 10-day MA line with short-term technical indicators weakening. May test low-level support in the short run if it fails to return to the 10-day MA line today. Investors should wait and see. Stop loss set at HK$2.24.

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