STOCKWATCH: take profit of Shenyang Public Utility while rebound

Shenyang Public Utility Holdings (0747) sustained the rebounding trend of last
 Friday and continued to rise this morning. However, a rapid retreat followed 
when it met obvious technical resistance around the 10-day MA line. From its
 recent tendency, the state-owned stocks saw the downgrading range exceed 30% 
after a retreat, and a requirement for technical rebound exists. But since the
 nature of the downgrading has been changed, short-term investors have left the
 trading floor and kept sidelined. With a lackluster buying intention, the 
stock is expected to see limited rebounding space in the late trading and test
 the 50-day MA line repeatedly and undergo consolidation. Investors are 
suggested to take profit while rebound and then leave the floor. Supporting

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