STOCKWATCH: keep sidelined for CITIC Ka Wah Bank

CITIC Ka Wah Bank (0183) stabilized for recent several weeks and formed a smooth upward band. It churned around the supporting stance of HK$2.5 at the 10-day MA line last week and will unlikely gain upward momentum in the short term since the turnover remained low. Non-holders should stay on sidelines while holders are also suggested to be cautious. Stop loss at HK$2.4 for short-term.

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