STOCKWATCH: Television Broadcasts resistance stance at HK$35

Television Broadcasts (0511) was recommended to investors to bet on technical 
rebound last Thursday. It broke through the 10-day MA line resistance this 
morning. Charts indicated that it staged strong upward shape on a slightly 
withering turnover. Investors can continue to hold and bet on rise since the
 upward headroom is expected in the near future. However, it may suffer certain
 pressure at the resistance gateway of HK$35 and will test the 50-day MA line 
level of HK$37.5 if it makes a breakthrough. A retreat and bottom construction
 is required technically if it fails to overcome the resistance in the
 foreseeable future, when short-term investors are suggested to take profit and

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