STOCKWATCH: Beijing Datang short-term target at HK$3

Beijing Datang Power Generation (0991) stabilized around the rectangle consolidation zone of HK$2.5 in the period of Jan. to April and found strong support at the gateway. It rallied on a low turnover this morning and boasted rebounding headroom in the late trading. However, the rebound would be short-term considering the thin turnover. Investors can absorb it around the level of HK$2.7 for short-term. Target price set at HK$3 and stop loss at HK$2.5.

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