STOCKWATCH: China Insurance overcomes HK$2.8 resistance

China Insurance International Holdings (0966) suggested short-term investors absorb and bet on rebound yesterday. With short-term resistance stance at HK$2.8, it tested the level this morning and maintained strong consolidation at high stance despite the subsequent retreat. RSI building multi-head strong tendency, it will re-test the resistance stance in the late trading. Technically speaking from a short-term perspective, it may try new high if the resistance of HK$2.8 can be broken through. Investors can continue to hold.

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