STOCKWATCH: absorb I-Cable at HK$4.4

I-Cable Communications (1097) rebounded for four consecutive days over vivid turnover after it dropped to HK$4 last week. It underwent slight profit-taking today on a sharply shrinking turnover, indicating a minor selling pressure which is believed to be a consolidation of short-term over-selling. With the reviving 10-day MA line and improved technical trend, investors should collect at the level of HK$4.4 when it retreats to the 50-day MA line. Stop loss if HK

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