STOCKWATCH: sell China Unicom at high for short-term

China Unicom (0762) went through rectangle consolidation between HK$12 and HK$14 for recent several months. It approached again the upper band resistance of HK$14. With turnover remaining meager and short-term technical shape stagnating in softness, it may unlikely overcome the resistance and is expected to retreat to consolidation in the late session. Short-term investors are suggested to discard it at high around HK$13.85.

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