STOCKWATCH: China Everbright to consolidate and rise in late trading
China Everbright (0165) intended to stabilize around the HK$8.25 Bolliger¡¦s mid -band recently. With drooping technical short-term indicators, a consolidation is required technically and the upward trend should be maintained from a middle perspective. Investors can absorb at low and hold for mid-term since the consolidation and rising trend is expected to dominate the late session . Near-term resistance and short-term stop loss set at HK$9 and HK$7.
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