STOCKWATCH: Angang intends to build double bottoms but lacks vivid turnover

Angang New Steel (0347) stabilized again at the 50-day MA line this week and posted technical rebound. As reflected in charts, it intended to construct double-bottom shape but may unlikely finish the shape in the near future as a result of lackluster turnover and weak RSI. It churned at the 10-day MA line with the near-term resistance stance set at HK$1.6. Short-term investors are

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