STOCKWATCH: Yanzhou Coal Mining tries 50-day MA line support

Yanzhou Coal Mining (1171) retreated along with state-owned stocks recently. Despite the sharp rebound under the support of 50-day MA line last Friday, its technical indicators became weak after going through retreat and consolidation. Plus, with investorsˇ¦ lack of buying intention, the stock posted rebound this morning and is expected to test repeatedly the 50-day MA line of HK$3.2. Short-term investors are advisable to discard at high.

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