STOCKWATCH: Angang New Steel gains support at HK$1.32

Angang New Steel (0347) dropped for consecutive four days after testing the
 level of HK$1.75 twice early this month, and lost support at the 10 and 20-day
 MA lines. The next supporting stance is set at HK$1.32. With RSI on 46.1-level
, the new low for the past half year, an extreme over-selling is surfacing. Can
 bet on short-term rebound. Stop loss suggested once the 50-day MA line is

Related stock : (347)