STOCKWATCH: buy Phoenix satellite Television if it stabilizes at HK$1.36

Phoenix satellite Television Holdings (8002) performed strongly against the market for the past two days and rose through the 10- and 20-day MA lines on a vivid turnover. Expected to rise in the short term, it came to the top position of consolidation platform of HK$1.36 in mid-June. It may rise to HK$ 1.43 if it can stabilize at HK$1.36, and even hit HK$1.6 if the level is overcome. Advisable to buy it at the current price. Stop loss at HK$1.3 if the

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