STOCKWATCH: bet on rebound of Cathay Pacific Airways around HK$10.2

Cathay Pacific Airways (0293) stabilized after retreating to the low level of HK$10 last Friday, indicating that it still found certain support at the technical supporting gateway of HK$10. It rebounded this morning, with RSI also reviving. A technical rebound is expected to occur in the short run given the support from vivid turnover. Investors can speculate on short dealings around the level of HK$10.2. Target price set at HK$10.9 and stop loss at HK$9.9.

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