STOCKWATCH: Tingyi Holdings continues to win favour

Tingyi Holdings (0322) has been leading the market recently and its stock price churning up along the 10-day moving average line and the bottom rising. With turnover in favourable coordination with the stock price, rising and falling accordingly, RSI has remained in the strong area above the 60-level. It is expected that the stock will be on the positive track supported by the 10-day moving average line. Buying is recommended at around the 10-day moving average line and profit-taking selling for short-term investment if the stock should go below the supporting 10-day moving average line. Supporting stance at HK$1.1 and short-term resistance at HK$1.2.

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