STOCKWATCH: Hang Seng to test HK$80; bet on bottom unwise

Hang Seng (0011) went soft stubbornly under the pressure from 10-day MA line for more than one month and witnessed swelling turnover in the past two weeks , which is believed to be a result of the short-term buying and stop loss. Technically speaking, though RSI had retreated to the 30-below weak zone, an obvious revival sign has not yet surface. The stock is expected to test the lower level of HK$80 given no encouraging news. Bet on bottom unwise for the

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