STOCKWATCH: HK and Shanghai Hotels target price at HK$4

Hong Kong and Shanghai Hotels (0045) gained support at the technical gateway of
 HK$3.6 last week and staged rebound over the vivid turnover this week, while 
the price re-tested the support of 10-day MA line. Charts indicated that it
 overcame the previous downward band and is expected to continue to rebound in
 the late trading as long as it stabilizes at the supporting level of 10-day MA
 line of HK$3.75 in the predictable future. Investors can make short-term

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