STOCKWATCH: buy Maanshan Iron & Steel around HK$1

Maanshan Iron & Steel (0323) accelerated the upward trend from last week and made a retreat after a surge yesterday. It closed low this morning and showed weakening stamina in the short term technically. With short-term technical indictors witnessing over-buying, a strong requirement for consolidation is emerging. Short-term investors should make profit first and then buy in the short-term to bet on rebound around HK$1 after it retreats and stabilizes,

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