STOCKWATCH: Cathay Pacific 50-day MA line becomes key in late trading

Cathay Pacific Airways (0293) has dropped for nearly one year and formed a long -term downtrend. Recently, it gained support at HK$10 and rebounded above the 10 and 20-day MA lines but failed to overcome the 50-day MA line of HK$10.8 . With RSI in line with the upward trend, it should break through the down-band resistance in the short term ASAP, otherwise investors should sell it and keep

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