STOCKWATCH: bet on technical rebound of Guangshen; target price at HK$1.6

Guangshen Railway (0525) intended to rebound and stop decline recently. The overall revival of state-owned stocks is expected to help its short-term rebound. As reflected in charts, with the weak technical shape and insufficient turnover, the recent rebound is a short-term technical one. Investors can speculate on rebound, and short-term investment is preferred. Supporting stance set at HK$1.4 and target price at HK$1.6.

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