STOCKWATCH: absorb HK Exchanges and Clearing for mid-term

Hong Kong Exchanges and Clearing (0388) wobbled in narrow-range consolidation around the level of HK$11.5 for the past two weeks. Charts indicated the sign of constructing bottom and the stock is expected to stabilize in the short term technically. However, its performance may unlikely be improved, given no positive news in the foreseeable future and considering its long-time weakness. Suggestion: stay on sideline for short-term and mid-term investors can collect at low modestly. The technical shape will be bettered if it returns to HK$13. Stop loss at HK$11.2.

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