STOCKWATCH: Hong Kong Electric nears neckline resistance

Hong Kong Electric Holdings (0006) showed sign of halting decline and building bottom recently. It soared against the downward market this morning with price going up to the neckline resistance stance of HK$29 over an increasing turnover. It is expected to test the resistance stance of HK$30 if the neckline resistance can be overcome. Holders should continue to hold while non-holders should keep sidelined or collect it to make short dealing if a breakthrough is

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