STOCKWATCH: absorb Huaneng Power International at HK$4.15

Huaneng Power International (0902) picked up support at the technical gateway of 100-day MA line again despite the retreat amid the dismal broad market last week. Turnover indicated that considerable buying at low and certain pressure exists around the 50-day MA line technically. Expected to test the support of 100-day MA line in the foreseeable future. Investors should collect for mid-term around the 100-day MA line of HK$4.15.

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