STOCKWATCH: China Rare Earth short-term resistance at HK$3.1

China Rare Earth Holdings (0769) maintained narrow-range consolidation around 
HK$2.4 and registered sustained sharp rebound after it obtained support at the
 50-day MA line last week. It created a 52-week new high of HK$3.1 this morning
 and certain pressure exists since the high position is the resistance of
 Bolliger¡¦s upper-band. Consolidation again is likely in the late trading if it
 cannot overcome the resistance in the short run. Investors should make profit

Related stock : (769)