STOCKWATCH: China Resources to stage technical rebound if HK$2 is hit

China Resources Beijing Land (1109) showed obvious head shape from April with the neckline supporting stance set at HK$1.9. Currently, it faced the neckline level and should find support technically. However, with technical indicators on weak side, it may unlikely turn the dismal trend if it fails to return to HK$2 in the foreseeable future. Investors should keep cautious, or make short dealing if it can hit HK$2 in the short term. Stop loss once it loses HK$1.9 neckline support.

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