STOCKWATCH: Shape of China Overseas on weak side

China Overseas Land & Investment (0688) saw its technical indicators weakening
 after the drop last week. Though it stabilized and consolidated under the 
support of 50-day MA line for the recent trading days, a head sign is emerging
 over an obviously swelling turnover, which can be attributable to short-term 
selling. From a short-term perspective, the trend depends largely on the broad
 market. Rebounding extent is expected to be small and short-term investors
 should take profit at high. Supporting and resistance stance set at HK$1.18

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