STOCKWATCH: collect Jiangxi Copper at HK$1.02 for short-term

Jiangxi Copper (0358) exhibited an obvious double-head shape and churned and stabilized around the neckline level of HK$1 last week. Expected to end the downward trend in the near future, it will post technical rebound which, however, may largely depend on the turnover. Investors are advised to take short-term investment around HK$1.02. Near-term target price set at HK$1.15 and stop loss at HK$0.98.

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