STOCKWATCH: Angang New Steel supporting stance at HK$1.5

Angang New Steel (0347) rebounded on the HK$1.5 supporting gateway yesterday and enjoyed certain support at the 10-day MA line of the level technically. With various short-term technical indicators on a high position, it is expected to sap the momentum in the short run and try new high after consolidation and recovery from a middle perspective. Investors can continue to hold.

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