STOCKWATCH: PCCW short-term target at HK$2.6

PCCW (0008) enjoyed active turnover this morning, with the price returning to the support of 10-day MA line of HK$2.3 and RSI staging strong rebounding trend. Expected to have certain headroom in the near future, it would see considerable technical pressure at the 50-day MA line of HK$2.6. Investors can bet on short dealing modestly. Supporting stance set at HK$2.3.

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