STOCKWATCH: CITIC Ka Wah Bank short-term resistance at HK$2.7

CITIC Ka Wah Bank (0183) returned to the 10-day MA line of HK$2.54 after two-year rebounding. However, the turnover remained thin due to lack of buying support. From a short-term view, it is expected to see certain rebounding space and face resistance at HK$2.7 technically. Investors can continue to hold. Short-term investors are suggested to take profit at high and leave the trading floor if it fails to overcome the resistance over the support of turnover. Supporting stance set at HK$2.4.

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