STOCKWATCH: absorb Hang Seng at low for mid-term; supporting stance at HK$82.5

Hang Seng (0011) re-gained technical support at the gateway of HK$80 recently and intended to build bottom consolidation over an increasing turnover. It closed high this morning and tried to overcome the recent bottom consolidation. With RSI building multi-head shape, it is expected to test higher level in the near future. Short-term resistance stance set at HK$87. Investors are suggested to collect at low for mid-term while short-term investors should take profit around the resistance stance of HK$87. Supporting stance set at HK$82.5.

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