STOCKWATCH: China Everbright gains technical support; can absorb at low

China Everbright (0165) retreated to the HK$8 gateway where it obtained technical support and stabilized at HK$8.25 Bolliger¡¦s mid-band. Despite the weakening technical indicators, it still enjoyed a positive upward tendency in the mid-term and is expected to rise in the late trading. Investors should collect at low and hold for mid-term. Short-term resistance stance set at HK$9 and stop loss at HK$7.8.

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