STOCKWATCH: China Resources tests support of 50-day MA line

Mid-term China Resources Enterprises (0291) began its rising stage in April and rose through the level of HK$13. It plunged to the lowest level of HK$12.25 from HK$13 yesterday and stood above the 50-day MA line. A double-head consolidation shape will evolve if it can stabilize at HK$12 in the late trading. Expected to reach HK$11.

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