China Construction Bank (939:HK) Expecting HK$7.20


China Construction Bank (939:HK)
Applying our proprietary relative strength indicator and fund flow indicator , we are seeing 939:HK back in favour by smart money.

China Construction Bank has been facing selling pressure after multiple reports stating concerns on China's debt issue and slowing economy. However, we are experiencing demand from smart money, at least for the short term with first target at HK$7.20.

Are the smart money expecting positive outcome from this week's US-China Trade Talk or will China be introducing more stimulus and monetary easing?

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