STOCKWATCH: Cheung Kong stages technical rebound over thin turnover

Cheung Kong (0001) jumped upward this morning and pushed the broad market to rebound, with turnover remaining insufficient. It hovered at high position after a surging this morning. As indicated in charts, it fell continuously recently with RSI exhibiting over-selling signal. A rebound is required technically. The rebounding extend is expected to be limited due to lack of vivid turnover. Short-term resistance zone lies between10-day MA line of HK$78 and 20-day MA line of HK$80.

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