STOCKWATCH: Yanzhou Coal Mining not to bet on bottom

Yanzhou Coal Mining (1171) nearly dropped to the bottom of the Bollinger¡¦s Band of HK$3.05 today. With some technical indicators such as %B and RSI rising on the falling trend, it is hard to see large-scale rebound in short term. Besides, its 10-day moving average line was breaking through 50-day average line level and mid-term tendency was also down-turning. If slip through HK$3.025 in the middle of June, it might test HK$2.9. The investors are advised to wait and see.

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