STOCKWATCH: Maanshan Iron & Steel supporting stance at HK$0.92

Maanshan Iron & Steel (0323) consolidated in narrow-range fluctuation around HK$1 and is expected to gain stability in the short run and obtain technical support at the Bolliger¡¦s mid-band of HK$0.92. Investors should keep sidelined. Meanwhile, short-term investors can discard at high since the recent performance of state-owned stocks is weak and a strong trend is unlikely to come in the short run. Supporting stance set at HK$0.92.

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