STOCKWATCH: I-Cable overcomes HK$4.5; short-term investment advisable

I-Cable Communications (1097) showed obvious bottom-building sign recently. However, the stock felt pressure from the neckline around HK$4.5 this morning as a result of lack of strong buying. RSI has staged upward trend after consolidation. It is expected to test the previous high position of HK$5 if it can overcome the resistance in the near future. Investors can make short-term investment properly. Supporting stance set at HK$4.2.

Related stock : (1097)