China Railway Construction Corp Ltd (HK: 1186) is expected to continue its upward momentum after a prolonged decline based on the technicals below:
*The China Railway Construction call is valid only for 4 weeks.
*Although there is a strong upside momentum, the stock might correct further into the demand zone near 78.6% of the Fibonacci retracement level and stage a rally from there.
Simple Moving Averages
Blue dotted line = 50 SMA
Green dotted line = 22 SMA
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