STOCKWATCH: Wing Hang consolidating; stop loss level: HK$28

After rebounding for a few days, Wing Hang Bank (0302) has been reflected by the charts to have approached resistance at HK$29.6 on the 50-day moving average line. The stock was declining after an initial rise and support on HK$28.2 level on the 10-day moving average line will be tested today. It will be in need of consolidation with stop loss level is set at HK$28.

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