STOCKWATCH: keep sidelined for HK & China Gas in consolidation shape

HK & China Gas Company (0003) was caught in the resistance zone between the 10-day MA line of HK$9.6 and 100-day MA line of HK$9.65 recently, and is expected to perform choppily at the current level in the near future due to lack of vivid turnover. Wait-and-see is wise since it would face the important resistance stance of HK$10 at the 100-day MA line and various short-term indicators are in consolidation. Holders can continue to hold it which is believed to find certain technical support at the 50-day MA line of HK$9.45.

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