STOCKWATCH: bet on short dealing of Television Broadcasts

Television Broadcasts (0511) climbed up this morning and its recent falling trend came to a halt. The turnover increased slightly, which is believed that short-term buyers absorbed it at low to bet on short dealing. Charts indicated that short-term technical indicators showed upward rebound at the low position and a technical rebound is expected to come in the short term. Investors can speculate on short dealing prudently. However, the rebound would be brief since the stock has accumulated weakness for long amid the dismal market. Initial resistance and supporting stance set at HK$33.2 and HK$31 respectively.

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