STOCKWATCH: Sun Hung Kai short-term target at HK$76

Sun Hung Kai (0016) stabilized and rebounded at the 10-day MA line and intended to overcome the recent consolidation, with short-term technical indicators building rebounding signals on a quiet turnover. It is expected to test higher price level in the near future and the rebounding stamina depends on the turnover in the late trading. Investors can collect it when it retreats this morning. Short-term target and supporting stance set at HK$76 and HK$70.5 respectively.

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