STOCKWATCH: collect Cathay Pacific for mid-term

Cathay Pacific Airways (0293) stagnated and stabilized at the psychological technical gateway of HK$10 recently. However, with weak technical shape and fading turnover, plus short-term technical indicators in consolidation and softness, it would unlikely perform strongly in the near future. Not to bet on bottom at present. Can absorb for mid-term if it can return to the 10-day MA line of HK$10.4. It may re-test the support of HK$10 in the late trading and the short-term technical shape would worsen if it dips through the support, when holders should considering stopping loss first.

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