STOCKWATCH: bet on short dealing of Xinao Gas

Xinao Gas Holdings (8149) obviously outperformed the broad market recently and created a new high since its listing against the dismal market this morning. With a strong trend, it is expected to test higher level repeatedly in the late trading. Investors can continue to hold or bet on short dealing at HK$1.85. Near-term target price set at HK$2. Stop loss at HK$1.8.

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