STOCKWATCH: InterChina Holdings short-term resistance at HK$0.8

InterChina Holdings (0202) regained support and stabilized last week after tumbling to HK$0.6. The sign of technical rebound yesterday saw no obvious support from turnover. The stock boomed this morning and came up to test Bollinger mid-band technically. If it should succeed in returning to the level, a continuous rise is expected and it will come up again to test high resistance at HK$0.8 with further support of turnover. Short-term investors can speculate on buying. Advisable to absorb at HK$0.7.

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