STOCKWATCH: Sino Biopharm has potential; to be collected at low

Sino Biopharm (8027) has been rising steadily this year ever since returning to the 10-day moving average line. Turnover has remained mild and MACD as well as RSI have displayed multi-heads. The stock has approached resistance region and may enter consolidation zone in the near future. If it should stabilize on the 10-day moving average line, it might continue to climb up and test a higher position. Recommended to collect at low point on the 10-day moving average line. Supporting stance is set at HK$ 1.15.

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