STOCKWATCH: dispose China Insurance International for short-term

China Insurance International (0966) underwent rectangle consolidation between HK$2.6 and HK$3.1 with the current price at the middle of the upper and lower bands of the consolidation zone. Keep sidelined in the near future. The turnover grew active this morning despite the stagnant stock price, indicating that major investors discarded it at high position. Short-term investors should sell it at high. Near-term resistance stance set at HK$3.1. Stop loss at HK$2.6.

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