STOCKWATCH: China National Aviation neckline resistance at HK$1.6

China National Aviation (1110) intended to build W-shape consolidation after stabilizing at the supporting stance of HK$1.4. It may form the double-bottom shape and test the high level of HK$1.8 in the late trading if the neckline technical resistance of HK$1.6 can be overcome successfully. With support from 10-day and 50-day MA lines at HK$1.48, it is expected to obtain robust support at the level given no gloomy news. Investors can absorb at low. Initial supporting stance set at HK$1.51.

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