STOCKWATCH: Shandong Int¡¦l Power to continue shedding; short-term to sell

Shandong International Power Development (1071) closed down in the three consecutive days of the week with share price retreating sharply. Although it regained stability today, no apparent signal of stopping plunge was shown technically. The shares closed low in general with the weak market. The stock is still likely to dive down for support at 50-day moving average line in the near term with influence of the market. Short-term investor is recommended to sell while it rebounded slightly. Next supporting stance is set at HK$1.73.

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