STOCKWATCH: Manulife Financial stable; absorption at low advised

Manulife Financial Corporation (0945) has been recommended when it was at HK$2.04 in the early time of the week. It climbed up against the shedding market with sufficient turnover in the last two trading days. As reflected by chart, it successfully broke through the resistance at Bolliger¡¦s upper-band this morning, setting a head space technically for the late trend. It is expected to have space for continual churning up. Absorption at low is advised. Supporting stance is set at HK$2.10.

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