STOCKWATCH: bet on technical rebound of New World China Land

New World China Land (0917) gained technical support at the previous low level of HK$2.8 and intended to stabilize. It registered big rebound today and is expected to post a technical rebound in the short term. Investors are suggested to make short dealing around HK$2.8. Near-term target price set at HK$3.3. Stop loss at HK$2.6.

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