STOCKWATCH: collect China Unicom at low for mid-term; resistance at HK$13.15

China Unicom (0762) made retreat amid the downward broad market in the previous several trading days. With price slipping to the previous low level, certain technical support is expected. It made slight rebound this morning and the short-term dropping trend may come to a halt. However, the short-term rebounding stamina will be rather limited since the turnover remains meagre. Suggestion: short-term investors should keep sidelined and mid-term investors can absorb at low and further rise is expected in the late trading if the supporting gateway of HK$12 can be kept. Near-term resistance stance set at HK$13.15.

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