STOCKWATCH: Manulife Financial to test HK$2.39 in short term

Manulife Financial Corporation (0945) overcame the previous upward band over the vivid turnover this week. It broke through the recent resistance stance of HK$220 yesterday and made retreat. The surging this morning indicated that major investors bought it amid the favorable news of earnings. With minor selling pressure at HK$230, it is expected to re-test new high in the late trading. Next resistance stance set at HK$239. Investors can continue to hold.

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