STOCKWATCH: First Pacific short-term resistance at HK$2.02

First Pacific (0142) closed high against the down-going market yesterday. Though it sustained the upward trend this morning and rebounded over the vivid turnover, the stamina was weakening with RSI sharply up to the 70-above strong zone and showing multi-head shape. Certain rebounding room is expected in the short run. Near-term resistance stance is around the 100-day MA line of HK$2.02. Holders can discard at high around the level. Supporting level set at HK$1.83.

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