(Bloomberg) -- Asian stocks may continue a rebound after directional and momentum indicators for a regional benchmark turned positive, CIMB-GK Research said. The MSCI Asia excluding Japan index has found support at its 50-day simple moving average of 454, since falling from its October high, analysts Nigel Foo and Kong Seh Siang said. They predict “major” resistance at 486, 3.6 percent higher than the most recent level.
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