STOCKWATCH: MTR short-term supporting stance at HK$13

MTR Corporation (0066) failed to sustain the upward trend of last week and rebounded today due to the pressure from several moving average lines and the insufficient turnover. Charts showed that certain technical support exists around the level of HK$13 in the foreseeable future and the decline room is rather limited under the improved market conditions. Investors can continue to hold or absorb it for mid-term. Resistance stance set at HK$14.

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