STOCKWATCH: China Insurance shows triangle-shape consolidating; continue to rise

China Insurance International Holdings (0966) has shown a triangle-shape consolidation with shrunk turnover since hitting a new high last Monday. Analyzed from the chart, the triangle-shape consolidation has almost come to the end and possibility of breakthrough may occur at any time in short terms. Investors are suggested to pay close attention to it. If it should slide down and can keep stable above 10-day moving average line, technically short-term hold can continue. If it should come up for breakthrough, it might test a new high of HK$3.5. Short-term follow can be made. Short-term resistance set at HK$3.

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