STOCKWATCH: gateway of HK$80 key to Cheung Kong

Cheung Kong (0001) continued to rebound this morning over the increasing turnover. It has entered the recent resistance zone and tested the resistance of the upper band in the recent downward band. The pressure is expected to be serious in the short term. The technical shape will be improved in the late trading if it can return to and stabilize at the gateway of HK$80. Otherwise, it may retreat to the bottom consolidation.

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