STOCKWATCH: BRILLIAN CHI short-term resistance at HK$2.8; discard at high

Brilliance China Automotive Holdings (1114) carried yesterdayˇ¦s upward trend and continued to try new high this morning. As indicated in charts, it will face resistance gateway around HK$2.8 and the momentum was once blocked amid the consolidating broad market. With RSI on a considerably high position above 66 and certain headspace expected in the foreseeable future, near-term investors are advisable to discard at appropriate height while mid-term investors can continue to hold. Supporting stance set at HK$2.5.

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