STOCKWATCH: Beijing Enterprises in favorable status; short-term target at HK$11

Riding on the positive trend yesterday, Beijing Enterprises Holdings (0392) closed high today over a vivid turnover and is expected test the HK$11 high-level resistance. With short-term technical indicators such as RSI entering over-sales zone, it would face a consolidation in the foreseeable future and sustain the momentum in the mid-term. Supporting stance set at HK$9.8.

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