STOCKWATCH: make short-term investment of COSCO Pacific

COSCO Pacific Ltd (1199) secured technical support when it retreated to the previous low level of March-April last week, which is believed that short-term investors bet on technical rebound and absorb at low. It went up against the market this morning and is expected to test the resistance zone of HK$4.8-5. From a short-term perspective, it may retreat to consolidation in the afternoon or tomorrow. Investors can collect while low and make short-term investment. Supporting stance set at HK$4.35.

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