STOCKWATCH: Guangshen Railway sees support at 10-day MA line

Guangshen Railway (0525) gained support initially at the 10-day MA line this morning and is expected to stage technical rebound technically. As indicated in charts, with short-term technical indicators on weak side and turnover being insufficient, it would see limited rebound in the late trading and bet on bottom is not wise for the time being. Short-term holders should discard at high and leave the trading floor. Near-term resistance stance set at HK$1.6.

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