STOCKWATCH: bet on rebound of China Rare Earth at HK$1.68

China Rare Earth Holdings (0769) went soft after it witnessed sharply increasing turnover in the previous two weeks and it is believed that major investors left the trading floor. The stock has formed a double-head shape and intended to tumble through the neckline support today. Suggestion: not to bet on bottom for short-term since it may likely test lower levels in the late trading, or bet on rebound for it is expected to gain initial support around

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