STOCKWATCH: make short investment of Great Eagle; initial resistance at HK$11

Great Eagle Holdings (0041) soared on the news that the company would acquire 
12 floors in the CitiBank Mansion from CitiBank. However, it retreated rapidly
 over the neutral ratings by Merrill Lynch, which dampened investors confidence
. Technically speaking, the stock has constructed platform consolidation around
 the low level of HK$10.10 and a rebound is required technically. It surged
 this morning and suffered obvious pressure from the 50-day MA line of HK$11. 
From a short-term perspective, it is expected to re-test 10-day MA line support
 of HK$10.4 and to try new highs in the late trading if it stabilizes. Short
-term investors can absorb at low and make short-term investment after it gains

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