STOCKWATCH: Beijing Datang overcomes flag-shape and tests HK$3.1

Beijing Datang Power Generation (0991) recovered stability when retreating to the level of HK$2.5 after setting a 52-week new high of HK$3.4, and went through the flag-shape consolidation. It overcame the resistance stance of HK$2.775 this morning and rose through 10-day and 50-day MA lines. With a positive short-term tendency, slightly increasing turnover and insufficient upward stamina, investors can buy in prudently after it gains stability at HK$2.8. May test the level of HK$3.1.

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