STOCKWATCH: absorb HK & China Gas for mid-term

HK & China Gas Company (0003) built double-bottom consolidation for the previous two months and failed to overcome the neckline resistance. Recently, it churned in narrow range around the 100-day MA line of HK$9.7 and the time for upward trend is immature. Keep sidelined for short-term. However, the support around the level is considerably strong since it can stabilize amid the weak market in the past two weeks. Mid-term investors can absorb properly. Stop loss set at HK$9.4.

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